Rest / Party Room / Liq.License

Passaic County, NJ

Seller Financing Available
Rest / Party Room / Liq.License

Asking Price:$599,000

Cash Flow:N/A

Gross Revenue:$1,300,000

EBITDA:N/A

FF&E:$150,000

Inventory:$7,500*

Established:1999

*not included in asking price.

Rest / Party Room / Liq.License

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Business Description

This beautiful fine dining, tablecloth restaurant with a continential cuisine, seats 75 in the dining room and a party room that also seats an additional 75 people. A beautiful patio offers another 32 seats.
This is a free standing building with a parking lot that comfortably holds 50 cars. The beautiful banquet facility is available for corporate and private functions with packages to suit any taste or budget.
This successful business is available for $599,000!

Sales of $1,300,000!

Currently, the new owner has the option to purchase the building,business and property for $1,199,000.

Detailed Information

Inventory:
Not included in asking price
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This long established continental cuisine restaurant, has Ala carte seating for 75. and a Party room upstairs with 75 seats and a beautiful patio that seats 32. This restaurant is a free standing building and has parking for 50 cars. There is a liquor license that sets this restaurant apart from others and makes this restaurant very desireable. Business is for sale $599,000. There is also an option to buy the business,building and property for $1.199,000!
Competition:
This fine dining restaurant is a long established and popular restaurant for over 15 years. It is a beautiful well known dining destination not only for their delicious ala carte restaurant but for private banquet and private party functions. The ambiance of fine dining and having the liquor license makes this a definately, total package of fine dining elegant atmosphere with table cloth service. The new owner can easily continue and add to and even expand, this already successful restaurant and banquet facility. Great investment for Chef owner.
Growth & Expansion:
Sales $1,300,000. Rent is 7K Gross including taxes for base year. Business is for sale at $599,000. Building, Business and property is also available for sale for $1,199,000! Lots of options to grow this business and build on the already successful income and restaurants reputation.
Financing:
Yes/1/2 down
Support & Training:
Two weeks
Reason for Selling:
New venture

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Bart D. Natoli

Business Listed By:
Bart D. Natoli

ReMax Properties Plus

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