Restaurant/Bar
Morris County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $1,399,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$425,000 (included in the asking price)
Inventory Value:
$25,000 ( not included in the asking price)
Real Estate:
$650,000 (included in the asking price)
Business Summary:
You may either purchase or lease this totally renovated restaurant establishment in an exclusive area of Morris County. The value of this offer includes the property, liquor license, all new furniture and fixtures and totally upgraded building. Purchase: asking $469k with $300k down, assume a fixed rate 20 years mortgage note at 6 3/4% for $930k. Lease: existing facility property and have a management agreement for use of the liquor license all with purchase options. Require $300k down. Lease: convert building to lessee requirements (i.e. franchise) and lease arrangements as above. Require $300k down. For further information please contact Bill Pryzchodniez at 908-851-9040 Ext. 279.
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| Year
Business was Established: 2010 |
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| Number of Employees:
7 |
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| Facilities / Terms of Lease:
2,700 sq. ft. all new interior, 40 parking spots, whole building was redone, new floor to ceiling and kitchen |
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| Potential
Growth/Expansion:
No |
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| Competition:
No similar restaurants in the immediate area |
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| Owner
willing to finance:
$300,000 down – note for $169,000. Assume mortgage note $930,000 |
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| Owner
willing to train:
As needed |
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| Reason for selling:
To pursue other business interests |
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| REQUEST MORE INFO |
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