Investment Opportunity with Restaurant /building conversion option

Essex County, NJ

Seller Financing Available
Investment Opportunity with Restaurant /building conversion option

Asking Price:$1,000,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Real Estate:N/A

Established:2006

Investment Opportunity with Restaurant /building conversion option

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Business Description

There are lots of options here.
Currently this is a vacant restaurant with a liquor license.
However the owner is offering out other options to suit you.
If you choice to use the liquor license and the existing restaurant operation.
Liquor license can be separated from the property for $250,000
The building and property can be purchased for $1,000,000 for other development ideas such as an office building,medical building or retail or whatever you want for this great highway location.
OR
If you have other interests the property can be changed to meet your desired need.
Do you want a BYOB,Pizzeria Restaurant or any other food concept that you can think of.
This would make a great out source kitchen/catering venue,bakery, deli, bagel or fast food operation.
Completely abandon the food industry idea for this location and t urn it into a great office complex or medical complex! Why not consider the property for any other contractors project ideas.
This location is prime!!
Route 23 which has great visibility and access, surrounded by lots of retail,
shopping mall,restaurants, theaters and residential.

This property has it all!
It available for your next business!!

Currently this is set up as a Restaurant, Bar, Lounge, Pizza!

What better combination is there? Plenty of options. Great spot!

Current use:
This is a very attractive restaurant and it is vacant.
It is a free standing building. It is located at a major intersection with highway access, facing a large shopping mall and movie cinema. So you can certainly capture a constant crowd.

The land is 0.53 acres. The beautiful building is 8,400 square feet. There is parking on the premises with additional parking options.
The restaurant is currently closed the owner is selling due to other interests.
It includes a liquor license, class "C" on premise consumption. There are two bars. Bar one seats 15 and Bar two seats 25.
Dining seats 80.

The taxes are $37,488.
The Kitchen is huge. The kitchen can accommodate the restaurant and still provide plenty of service space for catering. This kitchen is fully equipped plus, it includes an attractive built-in-pizza oven. There are flat screen TV'S throughout the restaurant!!
There is a private banquet room which seats 150!
This beautiful decor will entice everyone to return to this unique and popular restaurant, bar, lounge and pizza hot spot!
Whether you want a fun happy hour place,sporting events,casual and fine dining,private parties and banquets or just a great pizza, this venue can satisfy it all!
Hurry and get in on the action!

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant, bar and lounge is a vacant,free standing building. This is a newly remodeled interior has an attractive decor and setting. There are two very stunning bars with flat screen TV's throughout. The first bar seats 15 and the second bar has 25 seats, which is situated in an attractive center, circular bar. This is the focal point of this popular restaurant /lounge. The capacity is 275 seats. The dining area seats 65-80 and 150 Dining seats in the Private Banquet Room. There are beautiful hardwood floors with wood and brick wall trim and elegant wood furniture with table cloths. This restaurant is currently closed but you can be the lucky person to open a spectacular dining experience. The kitchen includes a gorgeous built-in-pizza oven that is visually appealing in the dining area, as well!You will be one of the areas, best restaurant, bar and lounge! All you can do is add to this already trendy restaurant venue! Other options are entertained and negotiable. This would make a great office,medical or retail building for $1,000,000 and the Liquor License can be sold separately for $250,000 Don't hesitate. Let's talk.
Competition:
This restaurant,bar,lounge has it all. You don't have to worry about the competition. There isn't any restaurant,bar,lounge like this one in the area. The best location and the venue is to die for! You can develop this site for a variety of uses. There are endless options for this great highway location. Don't limit your ideas for the use on this property. All options are on the table. Let's talk, owner is flexible.
Growth & Expansion:
It is a beautiful table-cloth restaurant which seats 65-80. It features a gorgeous circular bar with 25 seats and another bar with 15 seats, a lounge area, PLUS, a private banquet room which seats 150. Best of all it includes the popular pizza fare too! You can just start right up making money $$$ There are lots of options if you want to make any changes,but it is all here for you to start and re-create your own ideas and concepts. There is plenty of opportunities here to make this your own signature, premier restaurant. with or without the liquor license. OR buy the property for your own particular development idea for $1,000,000 and the Liquor License is available for $250,000
Financing:
Yes to qualified buyers
Support & Training:
TBD
Reason for Selling:
Owner has other interests.

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Bart D. Natoli

Business Listed By:
Bart D. Natoli

ReMax Properties Plus

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