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Casual Eat-In & Take Out Restaurant for Sale in NJ 32585

Morris County, NJ

Casual Eat-In & Take Out Restaurant for Sale in NJ 32585
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Asking Price: $125,000

Cash Flow: $50,000

Gross Revenue: $310,000

EBITDA: N/A

FF&E: $90,000

Inventory: $7,000*

Established: 2009

*not included in asking price.

Casual Eat-In & Take Out Restaurant for Sale in NJ 32585

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Business Description

Casual Dining Restaurant Business Available

Stand Alone Eat-in & Take-Out Fast Casual Restaurant. This is a great opportunity to take an existing base of business and grow. In fact, sales have been growing since they opened. The owner has another business and cannot spend enough time in this location. The menu is simple and easy to follow. The space is 1,600 sf. with seating for 50, plus outdoor seating. The existing lease is for 10 years at a rent of $3,500/mth. In the past year the business grossed approx. $310,000.00 with a net cash flow of approx. $50,000.00 (a hands-on owner can increase this by cutting payroll). The business has a full staff of 5 F/T and 2 P/T employees. You can keep the concept and grow, make some changes, or bring in something new. We are seeking a serious and financially qualified buyer with at least $80K in liquid funds to cover the $75K down payment and $3,500 rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Detailed Information

Location:
Morris County, NJ
Inventory:
Not included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes
Reason for Selling:
Other business
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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