Price: $39,999
Location: Hudson County, New Jersey
Industry: Restaurant
Listing ID: FF455
For Lease, some key funds required, very unusual opportunity to own this modern recently built Café in a two hundred forty-nine room hotel with a seventy percent occupancy rate, minutes from the Lincoln Tunnel and the Meadowlands Arena. The hotel is in the process of finishing a total remodeling which includes all rooms and lobby with a state-of-the-art newer image. The lessee must have experience in the food industry and there is no selling price for this opportunity, however, the new tenant will be responsible for final reopening and appropriate rent security. This is not a purchase rather than a long-term lease requiring key funds to reopen. This can be a dependable safe business opportunity and based on the lease terms, options this business expects to supply a consistent return on investment to the owner operator. The business fixed assets presently have a substantial value which is based on all the business assets. The equipment includes a full commercial kitchen and walk-in refrigeration. This transaction consists of a fully equipped commercial retail café operation, which includes, the various required municipal & state licenses, including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser in the lease.
Listing Details
Revenue: $750,000
Cash Flow: $100,000
FFE: $95,000 (Included in Price)
Reason For Sale:
The leasing group represents a large corporate entity with ownership of several hotels throughout the New Jersey, New York metropolitan area.
Training & Support:
The new owner will be expected to have experience in the retail food industry.
Operation
Year Established: 2000
Days & Hours of Operation: Days Hours of operation; this business will be expected to be open seven days per week, with hours from 6:00 am to 3:00 pm.
Employees: Regarding employees and payroll, this café is presently closed due to new hotel ownership and will require the new owner to recruit staff.
Location
Security on Lease: Three months
Lease Option: Yes Available
Monthly Rent: $7,000
Type of Location: Commercial
Square Footage: 1,800
Relocatable?: Yes
Facilities Information:
This hotel café business is in northern New Jersey; Hudson County is on a highly active state highway with thousands of daily drives by vehicles. This business facility consists of approximately 1,800 square feet with a modern, and attractive appearance with a seating capacity for approximately thirty-five customers.
Summary
Historical Summary:
This is thirty-year full-service Hotel with a long history of success.
Owner Qualifications:
For Qualifications purposes, this business opportunity will require capital to reopen and experience in the retail food industry to operate.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business.
Potential Growth:
Regarding growth and expansion, the retail café will be developed by an onsite owner operator by opening the restaurant and developing a customer base.
