Authentic, Charming, Indo-Pak Grill in a Great Location in Central NJ

Middlesex County, NJ

biryani

Asking Price:$135,000

Cash Flow:$87,000

Gross Revenue:$175,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2014

Authentic, Charming, Indo-Pak Grill in a Great Location in Central NJ

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Business Description

Authentic, Charming, Indo-Pak Grill in a Great Location in Central NJ:
Flavor of Home-cooked Food, Cozy Ambiance, Culturally Diverse Town
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The founder, and her family started this restaurant out of frustration of finding authentic, good Pakistani food in the area. The restaurant is located in a prime location in an upscale community close to a major University in Central NJ. Home to many ethnic restaurants and cafes, this is the only restaurant providing Pakistani / North Indian cuisine. The owner is an expert cook and the restaurant incorporates her passion and love, and serves delicious home-cooked meals from fresh ingredients. The result of these efforts is one-of-a-kind Indian and Pakistani cuisine in the area.

The Restaurant has excellent overall ratings (between 4 to 4.5 out of 5) on many online review sites such as Yelp. It is located in an affluent, culturally diverse, bustling area, with many other ethnic restaurants. It attracts, theater goers, local professionals and a large student and faculty population. This pedestrian friendly street has plenty of street parking as well as municipal parking lots, making this a very convenient location.

NEWER EQUIPMENT
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The restaurant is well-equipped with appliances that include stove, oven, fridge, freezer, two displays with a fridge bottom, charbroil grill, tandoor, and a flat top grill. All these are only two-year-old.

EXCELLENT GROWTH PROSPECTS
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Although fairly young, the restaurant is becoming a favorite among many locals and visitors. It is the authenticity of the food that is bringing in repeated business. The buyer can certainly grow this business with this backdrop and active promotions.

Additional source of Revenue would be via catering. Currently the restaurant is not doing much in terms of catering but this could add significantly to the revenues and they have identified the need.

REASON FOR SALE
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The owner is not in very good health and although the family pitches in, they all have other obligations.

FINANCIALS
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The revenue in 2015 was $175,000 and net profit before taxes was $87,000.
The asking price for the restaurant is $135,000 with all of the fixtures (except for paintings) and with no debt on the business or equipment. The owner will provide transitional help and will provide the recipes that are being used.

Detailed Information

Employees:
7

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Yatin Thakore

Business Listed By:
Yatin Thakore

TechnologyPark.com / REMax One

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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