Ideal Restaurant Opportunity in the Heart of Denville
Listing Details
- Down Payment: -$390,000
- Sales: $734,358
- Seller's Discretionary Earnings: $150,101
- Inventory: $10,000
- Furniture, Fixtures, and Equipment: $100,000
- Rent: $5,500
- Employees: 14
- Year Established: 1990
- Reason for Selling: Retirement
Business Description
For nearly four decades, this full-service restaurant has been a fixture of one of Morris County’s most walkable and dining-active downtowns. Now, for the first time since it opened, it is available for new ownership.
Opened in 1990 and under the same owner ever since, the restaurant has built the kind of loyal, multi-generation following that can’t be bought or replicated. It sits on a well-traveled road in an affluent, established community with strong household incomes, high homeownership, and a steady stream of foot and vehicle traffic from neighboring destinations. Few operators get the chance to step into a location with this much local history, and fewer still can find one that has changed hands only once.
The opportunity is also built to flex. The restaurant is currently closed on Sundays, which leaves clear room to add a day of service or a weekend brunch. The owner is retiring from day-to-day operations but will provide 60 days of hands-on transition training at no cost, and he is open to seller financing for a qualified buyer. A seasonal summer concession in a nearby private community can be included, and the real estate is available as an option, either as a lease or as a combined purchase.
A restaurant with this much community history, in a location this strong, rarely comes to market. An experienced operator or a restaurant group looking for an established foothold in Morris County should see real upside here.