Please ensure Javascript is enabled for purposes of website accessibility NJ Restaurant; 24 yrs profit; longterm lease; staff in place | Transworld Business Advisors Tri County UA-244039567-1

NJ Restaurant; 24 yrs profit; longterm lease; staff in place

Listing Number: 189597-789053

Description

This Monmouth County restaurant started 24 years ago and has consistently provided quality food to its loyal customer base. It's conveniently located in a shopping center on a major throughfare in this high-growth community.

The reputation for quality food, excellent service, and reasonable prices has also resulted in the restaurant holding numerous private parties and corporate events every year.

This iconic restaurant has a great reputation and a ready-made staff, including experienced chefs, to support the new owner. The seller is willing to seller finance a portion of the acquisition to the right buyer.

13+ years remaining on the lease

Listing Details

  • Price: $ 299,000
  • Down Payment: $199,000
  • Sellers Discretionary Earnings: $ 225,000
  • Total Sales: $ 1,000,000
  • Location: Monmouth County, New Jersey

  • Inventory: $ 10,000
  • FF&E: $ 200,000
  • Employees: 18
  • Year Established: 2000
  • Reason for Selling: Retirement
  • Category: Restaurants
NJ Restaurant; 24 yrs profit; longterm lease; staff in place

Business Listed By:

Fern Slom
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