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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Restaurant Opportunity
(Food & Beverage , Restaurants)
Bergen County , NJ
Listing ID: REST646

Listing DetailsGross Revenue: $ 30,000,000
Cash Flow: $ 475,000
FFE: $ 700,000 (Included in Price)
Inventory: $ 7,500 (Included in Price)
Reason for Sale:

 

The owners are retiring after many successful years in this industry.

 


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new operator.


OperationsYear Established: 2009
Days & Hours of Operation: Mon.-Sun. 11:30am-10pm
Non-owner Payroll: $ 30,000
Employees: 25
Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

 

 

This highly popular retail restaurant consists of 8,000 square feet with an attractive clean appearance. The business is a free-standing structure, on multi acres, just off a major NJ State highway. This restaurant business opportunity is in Northern New Jersey, Bergen County with a huge affluent population and continued demand for this particular food service.

 


SummaryBusiness Description:

 

 

Well-known restaurant located in Northern New Jersey in the County of Bergen, conveniently near various state highways. This multi acre site with a 7,500-square foot restaurant lounge has a yearly gross income of above $3,000,000 and a substantial net income to the owner operator. For many years this restaurant has been serving a wide variety of freshly prepared food, all made to order. This well-known family restaurant has an excellent reputation for its great food and drinks in a relaxed, comfortable atmosphere. The business is open for lunch, dinner, cocktails, Sunday Brunch, private parties and off-premises catering and the restaurant also hosts live music every.  They offer everything from Pizzas to their Signature Burger, mouth-watering Barbeque (BBQ) Specialties, homemade desserts & soups, wraps, steaks, salads, sea foods and so much more. The restaurant consists of various attractive rooms and they have a capacity for private parties including a huge bar area with entertainment approval.  The restaurant has seating for 200 plus customers and is available for any type of event including Buffets, or Sit-down meals.  The restaurant also offers catering as an additional income. This business opportunity has been priced based on a multiple of the net yearly income and value of the assets. Possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and expects to supply a dependable return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this business opportunity.

 

 


Competition:

 

 

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

 


Potential Growth:

 

 

The business presently has a limited marketing plan, basic web site and if improved can further develop the business gross income.

 


Financing/Terms:

 

 

Possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating.