Price Reduction, Latin American Restaurant.NewEquipment&Seating

Chatham, NJ (Morris County)

Price Reduction, Latin American Restaurant.NewEquipment&Seating
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Asking Price: $80,000

Cash Flow: $46,196

Gross Revenue: $175,000

EBITDA: $46,196

FF&E: $23,700

Inventory: N/A

Rent: $3,000 /Month

Established: 2012

Price Reduction, Latin American Restaurant.NewEquipment&Seating

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Business Description

Professional IT owner sacrificing to prepare for professional opportunity relocation. This is an attractive, established & profitable Latin American restaurant in a prestige N.J. community, with a varied and comprehensive superb Latin American menus that customers always enjoy and return to repeatedly. Seating is provided for 40 customers. In addition to being an attractive and efficiently designed restaurant the owner has added the following equipment within the last year: refrigerators $2,000, rotisserie $10,000, water heater $1,700, seating $3,000 and a new freezer $700. $3,000 has been invested in the buildout improvements. The restaurant enjoys the benefit of ongoing advertising. P&L projected based on year to date numbers.

Detailed Information

Location:
Chatham, NJ
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
9/1/2021
Employees:
3 ft
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Attractive, in excellent condition and up to date.
Competition:
This is the leading Latin American motif restaurant in the city. The menus are absolutely superior and complete.
Growth & Expansion:
Owner and staff have provided total dedication toward excelling in their space. All that is needed is to continue with the total dedication to excellence.
Support & Training:
High-quality, excellent instruction will be provided as desired by the new owner.
Reason for Selling:
Owner relocating
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ROBERT HINKLEY

Business Listed By:
ROBERT HINKLEY

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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