Existing Hudson County Restaurant for Sale! Thriving Business!

Union City, NJ (Hudson County)

Seller Financing Available
Existing Hudson County Restaurant for Sale! Thriving Business!
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Asking Price: $499,000

Cash Flow: $300,000

Gross Revenue: $1,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,000 /Month

Established: 2016

Existing Hudson County Restaurant for Sale! Thriving Business!

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Business Description

Thriving Business, profitable, stable, and still growing!

A very prominent Hudson County restaurant is for sale! Located on JFK BLVD; one of the busiest streets in Hudson County, and a main artery into NYC. This 6,000 square foot multi-level venue has undergone a gut renovation and was launched brand new in 2016! The Restaurant Seats 100 people, with additional seating for 50 in the bar, along with a second floor event space for up to 150 people! This is a versatile business open 7 days per week for lunch, dinner, and late night dancing on the weekends. There is tremendous room for growth in private events and late-night business. Kitchen equipment is like new and there is a finished basement with walk in boxes, food storage, prep areas, and manager offices. Guests can use the parking in the front of the building, and find additional street parking. The NJ transit bus has a stop DIRECTLY in front of the venue. This business is profitable year over year and is showing steady growth. This will be a staple in the community for many years to come. Owner is selling due to lack of time needed to run the day to day operations. Upon sale, there will be a new lease in place with favorable terms. Owner financing is an option to qualified buyers. Liquor License, and all FF&E included in the sale. This is a turnkey opportunity to put money in your pocket week 1!

Detailed Information

Location:
Union City, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Employees:
15
Facilities:
ALL FF&E included in the sale.
Competition:
'This location is on the busiest street in Hudson County. This is a thriving and profitable business as is!
Growth & Expansion:
Tremendous growth opportunity to expand in private events! Also tremendous growth opportunity in late night business!
Financing:
Seller Financing is available to qualified buyer
Support & Training:
Training is available if needed. All management and staff are to stay in place. Owners will stay on as long as needed for training.
Reason for Selling:
Owner's have other business interests (non restaurant) and do not have the time
Franchise:
This business is an established franchise
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Business Listed By:
Gary Yip

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