Latin American Food Cafe-29305

Passaic County, NJ

Seller Financing Available
Latin American Food Cafe-29305
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Asking Price: Get Financing: $79,000

Cash Flow: $25,000

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $60,000

Inventory: $2,000*

Established: N/A

*not included in asking price.

Latin American Food Cafe-29305

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Business Description

A Latin American restaurant located in Passaic County, New Jersey has just come on the market. Unique in its cuisine, this restaurant draws customers from the entire county and, in addition to its superlative food, it offers weekend entertainment. It is fast developing a reputation in the regional Latin community. Owned less than 2 years, the current owners purchased this business as an investment and not to become operators. The prior owner had agreed to stay on to run the business after the sale but he left shortly after the sale to pursue his own interests leaving the new owners to run the business or lose their investment. The new owners have done quite well during their brief time as owners as sales have increased 50% in FY16 over FY15. Nonetheless, the new owners wish to sell as the husband is a musician and he and his wife travel to other states and outside the U.S. where he performs. Each time he travels, his wife accompanies him and they often close the restaurant down weeks at a time. The couple never intended to run the business; consequently, it is now for sale. Please contact the broker for further information at 1-877-735-5224.

Attention Business Owners: 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

Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
75,000.00 Down & $4,000 over To be determined
Support & Training:
The seller will train the new owner.
Reason for Selling:
Other business interest.
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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