Restaurant & Liquor License
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1200000
Net Profit / Cash Flow $200000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2008
Number of Employees 20 - 34
Inventory 525000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training The seller will remain after closing and supply a long term transitional period.
Reason for Sale Absentee & involved in an alternative industry.
Description Best location in New Jersey for this well known restaurant with outdoor seating located in an active commercial shopping mall. The restaurants cliental are diverse, coming from drive by traffic or from one of the many surrounding neighborhoods. The business has adequate parking and the restaurant is near numerous roads for easy access. The restaurant presently offers high end Mexican food, however it can be altered to a different menu. The liquor license represents a substantial value and the business has a gross income of $1,200,000 with absentee ownership and can be substantially developed with on site ownership. Seller financing is available to a qualified buyer, please call for further details. The business consists of 6,000 square feet in a clean modern appearance in an active commercial mall. The business is in a large commercial shopping mall with substantial private parking. The facility has a capacity for 260 person capacities plus an outdoor patio and bar that seats 60. 12 flat screen TVs, POS system, high tech video surveillance, appliances and all furnishings.
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