Price: $150,000
Location: Hudson County, New Jersey
Industry: Catering
Listing ID: catr178
Wonderful opportunity to own these seven thousand five hundred (7,500) square feet restaurant with a breath-taking view of the New Jersey meadowlands. The hotel consists of two hundred forty-nine rooms 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 transaction includes a consumption liquor license. The lessee must have experience in the food industry and will be responsible for set up costs and rent security. This is a wonderful business opportunity and based on the terms, moderate down payment and this business expects to supply a consistent return on investment to the owner operator. The business fixed assets have a substantial value which is based on the business assets. The equipment includes a full commercial kitchen and walk-in refrigeration, use of consumption liquor license. This transaction consists of a fully equipped commercial retail restaurant and lounge, 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: $1,000,000
Cash Flow: $150,000
FFE: $250,000 (Included in Price)
Inventory: $499 (Included in Price)
Reason For Sale:
The leasing group represents a large corporate entity with ownership of various 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; presently closed however this restaurant has permitted use until 3:00 am.
Owner Hours Per Week: Full Time
Employees: Regarding employees and payroll, this restaurant is presently closed due to new hotel ownership and will require the lessee to recruit staff.
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 20,000
Type of Location: Commercial
Square Footage: 6,000
Relocatable?: Yes
Facilities Information:
This hotel restaurant is in northern New Jersey; Hudson County on a highly active state highway with thousands of daily drives by vehicles. This business facility consists of approximately 6,000 square feet with a modern, and attractive appearance with a seating capacity for approximately two hundred & fifty 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 in the retail food industry and tenant will need to set up capital to open.
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 restaurant can be developed by an onsite owner operator by opening the restaurant and developing a customer base.
Financing/Terms:
To be determined.
