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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Restaurant Summit NJ
(Food & Beverage , Restaurants)
Union County , NJ
Listed Price: $ 125,000
Listing ID: REST653

Listing DetailsReason for Sale:

The owner is relocating out of the county.


Training & Support:

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


OperationsYear Established: 2015
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12300
Monthly Rent: $ 5,200
Square Footage: 2000
Facilities:

This opportunity is in Northern New Jersey, Union County, the general area consists of various highly populated affluent communities with continued demand for this industry. This retail facility which consist of approximately 2,000 square feet have an attractive modern appearance and this restaurant is on an active county road.


SummaryBusiness Description:

Wonderful business opportunity to own this attractive restaurant with previous sales of approximately $50,000 monthly, in Northern New Jersey, Union County and located on an active commercial avenue. The business transaction has an assignable commercial lease which expires 12/31/2025, plus additional options available, with a monthly rent of $5,200 all in, cost per square foot is estimated at $31.20 and rent security of approximately $12,300. The business fixed assets has an estimated value of approximately $125,000 which is based on the original equipment and licensing build out and replacement cost, tangible and intangible. This successful restaurant business was active seven days per week, with hours from 11:00 am to 9:00 pm. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. All viewings are by appointment only and the photo does Not represent this particular business opportunity.