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Profitable Turn-key Luncheonette in a Great Town!

Morris County, NJ

Profitable Turn-key Luncheonette in a Great Town!
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Asking Price: $119,900

Cash Flow: N/A

Gross Revenue: N/A



Inventory: N/A

Established: N/A

Profitable Turn-key Luncheonette in a Great Town!

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Business Description

ASSET SALE!! Modern Luncheonette off a major highway in a nice, safe town. It's a profitable turn-key business. Run semi-absentee so an owner-operator can take it to a much higher level. Luncheonette has a large variety of items & does a lot of catering to area businesses & residents. One owner has another similar business & cannot devote the time to oversee this restaurant. Two other owners are absentee. Average weekly sales is approx. $7,500 with cash flow of $1,200 +. The working owner is offering to stay on for some time to ensure a smooth transition. New qualified tenant can get a good long term lease situation like the owners have. Contact Seth Kain @ 201-317-4710 for additional details & showing.

Detailed Information

Morris County, NJ
All Furniture, Fixtures, & Equipment valued @ approximately $50,000 are in very good condition & included in the sale. It's in a small strip mall with plenty of free parking available for customers. A new qualified tenant can get a lease assignment on the approximately (8) remaining years on it. Or they could seek more years if desired.
There are several deli’s, a couple of diners, a couple of bagel shops within a 3 mile radius. Though, there aren't any similar type businesses within at least a couple of miles.
Growth & Expansion:
Some additional advertising & promotion would help to boost gross sales.
Support & Training:
3 weeks of training will be offered at no cost to the Buyer(s).
Reason for Selling:
Owners have other business interests & none of them can devote too much time to
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(from currently available funds)
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Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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