Broker Name:bbpadmin
Broker Email:daniel@nu-images.com
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Closed Summit Restaurant
(Food & Beverage , Restaurants)
Union County , NJ
Listed Price: $ 95,000
Listing ID: REST681

Listing DetailsFFE: $ 125,000 (Included in Price)
Reason for Sale:

The purpose of this business transaction is due to the owner’s relocation.


Training & Support:

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


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 facility has appropriate municipal and private parking near to the business. This business opportunity has been valued / priced at $95,000 which is based on the value of the assets. This is a dependable safe business opportunity. All viewings are by appointment only and the photo does Not represent this particular business opportunity.