Indian Restaurant. AMAZING food.Perfect for Husband & Wife Team.

Bergen County, NJ

Seller Financing Available
Indian Restaurant. AMAZING food.Perfect for Husband & Wife  Team.
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Asking Price: $250,000

Cash Flow: $110,000

Gross Revenue: $744,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $5,500 /Month

Established: 2016

*not included in asking price.

Indian Restaurant. AMAZING food.Perfect for Husband & Wife Team.

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Business Description

Low Price, Good Income In A Great Indian Restaurant.Dine-In, Delivery & Catering

The current popular cuisine.Authentic Indian Frontier cuisine. BYOB. Tandoori oven and in-house baked naan.Excellent online reviews.Extensive vegan selection and well prepared meat and chicken dishes.
Comfy and serene 40 seat dining room with outside seating.
Large party and wedding catering.
Low food cost and overhead.
Long term knowledgeable staff, chefs with part-time manager.
Average ticket $47.00.
Solid customer base with sales are growing month over month.
Buffet at lunch served and a-la-carte at dinner.
Owner works 2 or 3 nights during the week and Saturday evenings.
Perfect business to get in while it is still growing and offered at a great price with seller financing.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Bergen County, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
12/31/2030
Employees:
6 FT 1 PT
Facilities:
1,200 SF restaurant with 40 seats and 6 outside seating. High visibility location on main through street of the town surrounded by strip malls and service businesses. Rent is $5,500/month including real estate taxes, CAM & water with 4% annual increases. Fully equipped basement kitchen with Tandoori oven, grills and walk in boxes and storage. Beautifully decorated and appointed dining room.
Competition:
Very few Indian restaurants in the area. Online reviews are excellent. Strong market for catering especially weddings.
Growth & Expansion:
The restaurant has a website that is also used for delivery and pickup orders. Deliveries and pickup are growing on the site as well as on Grubhub, Uber etc. Currently 65% eat-in customers, 25% delivery and 10% pickup.
Financing:
Seller Financing To Qualified Buyer
Support & Training:
Owner will transition.
Reason for Selling:
Other opportunities
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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