Price: $50,000
Location: Hudson County, New Jersey
Industry: Restaurant
Listing ID: FF455
Very unusual opportunity to own this modern 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 remodeling which includes all rooms and lobby with a state-of-the-art newer image. The lessee must have experience in the industry and will be responsible for an appropriate rent security. This is not a purchase rather than a long-term lease requiring key funds to reopen and rent security. This is a dependable safe business opportunity and based on the lease terms, various 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: $500,000
Cash Flow: $100,000
FFE: $90,000 (Included in Price)
Reason For Sale:
The leasing group represents a large corporate entity with ownership of numerous 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: 1995
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.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this café is presently closed due to new ownership and will require the new owner to recruit staff.
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 5,000
Type of Location: Commercial
Square Footage: 1800
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 experience and capital 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. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
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.
Financing/Terms:
Not applicable as a lease transaction.
