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Full-Service Restaurant, Highly Desirable Location, Liquor License

Middlesex County, NJ

Full-Service Restaurant, Highly Desirable Location, Liquor License
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,150,000

EBITDA: $400,000

FF&E: N/A

Inventory: N/A

Rent: $15,865 /Month

Established: 2008

Full-Service Restaurant, Highly Desirable Location, Liquor License

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Business Description

Included in sale:
* ideal, central downtown location
* high volume of lunch, happy hour & dinner guests
* plenty of muni parking available, can offer valet service
* ideal location for special events
* flexible 6,000+ sf space
* FF&E (top of line kitchen, dining furniture, bar, banquet facilities)
* liquor license - Class 33
* favorable lease terms (out to 2031)
* select inventory
* brand if desired

Seller willing to accept all offers and would like to execute a fast and seamless transition to the new owner.

Turnkey solution for chef/owner who wants to "plug and play" or use the large dining, kitchen and banquet space to implement their own concept. Location serves corporate, education, government, arts and entertainment customers. Current configuration seats 168 guests. Private dining area hosts up to 50 guests. Large kitchen and storage areas, top of the line kitchen in excellent condition. Recent remodel included HVAC and new dining room furniture & fixtures.

Attached Documents


Detailed Information

Location:
Middlesex County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,800
Lease Expiration:
7/31/2031
Employees:
N/A
Facilities:
Flexible dining space w/ 168 seats. Private dining area, fully equiped w/audio/visual equip for 30 sit-down or 50 reception guests. Tons of storage. Large, well-designed kitchen to accomodate staff
Competition:
Location is in a growing metro area, busy corner downtown with lots of municipal parking & steps from NJ Transit line. Established arts & cultural community, significant corporate and government work forces and a major university. New developments have been successful attracting younger workforce and retirees to downtown.
Growth & Expansion:
Growing downtown business and entertainment district Additional Contact Sitar Realty Company - William Frusco - Vice President - Food, Beverage and Hospitality Division Cell 609-618-7759
Support & Training:
Yes, willing to train and support new owner
Reason for Selling:
Owner focusing on international markets
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Contact the Seller

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Suzanne Crosby

Business Listed By:
Suzanne Crosby

Sitar Realty Company TCN WORLDWIDE

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Sponsoring Broker:
Helena Loelius

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