Restaurant
Somerset County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $155,000 |
$255,000 |
$81,565 |
Furniture and Fixtures Value:
$195,000 (included in the asking price)
Business Summary:
This restaurant is currently operating as an ethnic restaurant but can easily and inexpensively be converted to another venue. The restaurant is near the court
house and downtown business area. There is a very large mix used complex being constructed less than a ¼ mile away which will increase the foot traffic. There is an antique car show held every Friday which brings thousands of car enthusiast to the are. There is also an international bicycle race held annually which is another opportunity to take advantage of the increased foot traffic. The assets of the business are worth more than the asking price.
For further information, please contact 908-851-9040 and ask to speak with Robert Marcano at Ext 260.
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| Year
Business was Established: 1957 |
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| Facilities / Terms of Lease:
1760sq.ft including basement with seating for 80 on the inside and seating for 24 on the sidewalk which is used weather permitting. |
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| Competition:
Lots of different types of restaurants on the same main street which brings with it a lot of foot traffic. |
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| Owner
willing to finance:
Prime +2 |
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| Owner
willing to train:
As needed |
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| Reason for selling:
Owner wants to retire/pursue other interest |
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| REQUEST MORE INFO |
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