Authentic, Charming, Indo-Pak Grill in a Great Location in Central NJ
Middlesex County, NJ
Authentic, Charming, Indo-Pak Grill in a Great Location in Central NJ:
Flavor of Home-cooked Food, Cozy Ambiance, Culturally Diverse Town
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.
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
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
The owner is not in very good health and although the family pitches in, they all have other obligations.
The revenue in 2015 was $175,000 and net profit before taxes was $87,000.
The asking price for the restaurant is $160,000 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.
N. Brunswick Pub Restaurant
New Brunswick, NJ
National franchise Pub Restaurant located near Rutgers University on the main avenue of New Brunswick, New Jersey. Best possible location which services a huge commercial business population and shoppers including thousands of college students. The business has a gross income of $1,792,552 and a 2015 net yearly income of $402,570 based on an onsite owner operator. Their vision was to create a welcoming place where friends could gather to discover craft beer and swap stories while taking in a game or enjoying live music. Today, this franchise is leading the unique, exploding cultural phenomenon of craft beers. At their core is, of course, beer. They hunt and gather beers from around the world, offering the best craft variety on the planet to the beer aficionado and casual beer fan alike. Complementing their amazing beer selection is their delicious menu, craft spirits, foods, and live entertainment all served up by a passionate, insanely knowledgeable staff. The result, a winning concept, and a truly golden opportunity a staff passionate on serving it the way it’s supposed to be enjoyed. They strive to bring you the best in craft beer and a specialized selection of foods. From shareable like their Artisan Sausage Board, signature German Pretzel and Sriracha Lime Tacos to their juicy burgers, their menu is crafted to pair perfectly with beer. The beer tastes better with food, and it all tastes better with the friends you bring and friends you make. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator before debt service. This industry requires government agency approval to purchase due to the New Jersey state issued consumption liquor license. This two-year-old retail facility consists of 3,500 square feet with a modern and attractive appearance. The business has multiple seating areas which include a large bar, private table seating and outdoor seating for its customer’s comfort. The business is located in a wonderful area of Northern New Jersey in the city of New Brunswick, which is a highly populated major city with various active and successful businesses. The business is conveniently located minutes from various state highways. This particular business has fifteen employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximate $36,000. The business has an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent $13,500 which is substantially below fair market value to similar rentals in this area. The business is located on a highly active commercial avenue, consists of 3,500 square feet have a capacity for approximately one hundred and thirty customers. The business assets have an estimated value of $680,000 and the sale consists of franchise approval, valuable consumption liquor license, a fully equipped high capacity commercial kitchen, multiple bars, shelving, POS system, tables, computers, fire suppression system, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking near to the restaurant. The business is active seven days per week, with hours from 11:30 am to 2:00 am. The sale includes a certificate of occupancy and food license from the City of New Brunswick, a valuable state issued consumption liquor license and the required state or city licenses to conduct its day to day business. The owners will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The owners are a corporate absentee group separating their relationship. The business is two years young and with continued good service this Saloon business expects to develop further with an improved gross income. To the best of our knowledge, due to various circumstances, including the unavailability of liquor licenses, no other new / similar competitors are expected near to this business, and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is expected $1,792,552 and the business will have a yearly net income of $402,570 based on an owner operator and prior to debt service, additionally the 2016 gross yearly income is expected to have a 5 % increase. The business has been valued based on a multiple of the yearly net income, and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Well-Known Italian Restaurant and Liquor License
Middlesex County, NJ
An exceptional opportunity to acquire a well-known Italian restaurant and its liquor license in one of the best locations in Middlesex County. Excellent demographics in and around the town with a 23+ acre residential/commercial development in progress across the street. Significant, and growing, vehicle flow in front of the restaurant provides high visibility. This restaurant features an “old-world, 17th century, Italian villa” décor in the main dining room and private banquet room. There is also an alfresco dining area, a warm, cozy bar/dining room, and fully equipped kitchen. All assets, including the liquor license, are included in the asking price. Best suited to an experienced owner/operator with a good marketing plan and vision for the future.
Popular College Town Pub
Middlesex County, NJ
Popular college town Pub Restaurant with entertainment approval and located close to Rutgers University, which is a very highly populated college area. This Pub Restaurant is in an urban city of Middlesex County, New Jersey. This 3,200 square foot facility consists of a large bar area and a separate room for dance and entertainment. The sale includes a very valuable consumption liquor license and a fully equipped night club. The sale is due to a divorce and seller financing is available to a qualified buyer. The business facility also has a commercial kitchen which is not presently in use. The sale includes a fully equipped turnkey lounge, a POS system, tables, computers, liquor license, Ice machine, tap equipment, kitchen, refrigeration units, including all the necessary equipment to maintain the day to day business operation. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,500. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,500 and rent security $14,000. The business facility which consists of 3,200 square feet has a capacity for approximately one hundred customers. The facility has appropriate municipal parking nearby to the business location. The business is active six days per week, with hours from 7:00 pm to 2:00 am. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent and dependable investment return to the owner operator prior to debt service. 2015 gross yearly income is $365,000 and a yearly net income of $95,000 prior to the buyer’s debt service. The asking price is $275,000 and this sale is based on a multiple of the net yearly income along with the value of the liquor license asset and seller financing has been tentatively approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Successful Saloon Restaurant
Middlesex County, NJ
Solid business opportunity for this highly successful recently remolded Saloon Restaurant with yearly gross sales of $1,419,628 and a provable net yearly income of $315,000. This business opportunity consists of the business and real estate or the owner will supply a long term lease with an option to purchase the property. This Saloon & Restaurant has existed for forty years however it has been fully upgraded with a modern and attractive image during the past thirty-six months. The business has been synonymous with excellent food served in a comfortable setting. Their customers enjoy a wonderful menu of updated interpretations of American culinary classics made with the finest and freshest ingredients – domestic and imported. All of their foods are prepared and meticulously presented against the backdrop of a casual comfortable restaurant. At this restaurant every lunch and dinner is a special occasion, because they are a family-run restaurant and offer the special attention a family guest deserves – an impeccable atmosphere, superior service and a most memorable meal. The business assets have an estimated value of $435,000 which includes a valuable consumption liquor license with a value of $310,000. The sale also consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This particular business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $19,000. This business transaction is available with the real estate or can include a new commercial lease which will expire 2036-01-01 plus additional options, with a monthly rent of $5,000 triple net and rent security $10,000. The Pub is located in a free stranding facility which consists of 2,500 square feet and has a capacity for approximately one hundred customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a certificate of occupancy and food license from the particular municipality and the required state liquor license to conduct its day to day business This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a 28% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $1,419,628 and the business has a yearly net income of $315,000 based on an owner operator and prior to debt service. The sale has been valued at $1,525,000 based on a multiple of the net yearly income, real estate and the value of the specific business assets, also seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The real estate has an assessed value of $820,679 and the yearly real estate taxes are $14,112. The business is available with a lease based on a price of $875,000. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.