Award Winning Upscale Restaurant
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $85000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 6 - 9
Inventory 50000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Available
Reason for Sale Owner moving to larger location
Description Restaurant has had steady growth over last 5 years; current owner is looking for larger location. Growth is from great reviews, return clientele and referrals. This turnkey operation is perfect for Chef-owed startup business. Owner is looking for larger location. Fairly priced based on the restaurant valuation report, the 40 + 20 outdoor seat restaurant is a great opportunity in a growing population of luxury apartments next door nearing completion this year. Lease is guaranteed for 9 more years. The buyer will be required to furnish financial credentials and will not incur any existing debt through the sale. Interested parties amy leave a message at 856.933.3324.
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