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Broker Name:Ronald Cervelli
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New Restaurant w. Liquor License for Lease
(Food & Beverage , Restaurants)
Warren County , NJ
Listing ID: REST647

Listing DetailsTerms and Conditions: Asset Sale
Reason for Sale:

Previous owner passed away, new property owner is landlord.

Training & Support:

Due to the owners passing, this business is presently closed, and no specific training is available to the new owner / operator.

OperationsYear Established: 2015
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 25000
Monthly Rent: $ 10,000
Square Footage: 5000

This closed restaurant is in mint condition and ready to open for a new operator. This restaurant business opportunity is located in Northern New Jersey, Warren County, on an active county road near an active outdoor mall and various populated communities with continued demand for this industry. This ultra-modern retail facility is three years young and does not require any remodeling or repairs. The building is approximately 5,000 square feet with a 2,000 square foot basement including new heating and air units.

SummaryBusiness Description:

Three year new ultra-modern 5,000 square foot restaurant lounge located on an active county road in Northern New Jersey. This unusual business opportunity is due to the owners passing. The new owner can lease the business which will include a valuable consumption liquor license and obtain a long-term lease with additional options. This two-acre site has substantial parking and is convenient to numerous highways, near to a highly successful ShopRite mall. The restaurant is perfect as a Steak and Sea food restaurant with no other similar competitors. For Qualifications purposes, this business opportunity industry will require New Jersey State government licensing approval to operate due to the Consumption Liquor license in additional to the standard required municipal licenses. This business transaction will supply to the new owner a fifteen (15) year commercial lease, which will expire 2033-01-01, plus additional options available and will include the business and liquor license. The new operator will obtain a rent grace period, monthly rent of $10,000, cost per square foot is estimated at $24.00, and rent security of approximately $25,000. The business fixed assets has an estimated value of approximately $350,000 which is based on the cost of the original equipment, licensing, buildout replacement cost. This successful restaurant business operation was active six days per week, closed Monday, with hours from 4:00 pm to 2:00 am. This is a dependable safe business opportunity and based on the terms, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, all viewings are by appointment only and the photo does Not represent this particular business opportunity.