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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Closed Diner
(Food & Beverage , Restaurants)
Bergen County , NJ
Listed Price: $ 50,000
Listing ID: REST669

Listing DetailsReason for Sale:

Sale is due to the previous owner’s partnership separation.


Training & Support:

Training and owner support, the business is closed, the landlord is out of state and no post-closing transitional period will be supplied to the new owner / operator.


OperationsYear Established: 2013
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 7500
Monthly Rent: $ 5,300
Square Footage: 2000
Facilities:

This successful restaurant diner facility consists of approximately 2,000, square feet and has an attractive professional appearance. The business consists of a free-standing structure on an active county road with various other active and successful businesses. This opportunity is in Northern New Jersey, Bergen County, which consists of many highly populated communities with continued demand for this food service and industry.


SummaryBusiness Description:

Solid business opportunity to obtain this modern diner/restaurant with minimal key funds and a long-term commercial lease agreement. The facility consists of 2,800 square feet with a seating capacity for ninety-five customers. This diner has had many years of success and is expected to continue with a high gross income and profitable net income to the owner operator. Lease and terms, the business transaction will offer an assignable commercial lease which expires 2029-01-01, plus additional options available, with a monthly rent of $5,300, all in, cost per square foot is estimated at $26.80, and rent security of approximately $7,500. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $50,000 which is based on the value of the specific business assets. The business is closed, and all viewings are by appointment only and the photo does Not represent this particular business opportunity. This is expected to be a dependable business opportunity and based on the asking price, this business expects to supply a consistent return on investment to the owner operator. Additionally, the seller will offer an option to purchase the property through his New Jersey realtor.