Quick Service Artisan Sandwich & Coffee House

Orange, NJ (Essex County)

Quick Service Artisan Sandwich & Coffee House
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Asking Price: $130,000

Cash Flow: N/A

Gross Revenue: $144,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,100 /Month

Established: N/A

Quick Service Artisan Sandwich & Coffee House

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Business Description

DESCRIPTION:

PRIDE OF OWNERSHIP artisan and coffee shop located on a major thoroughfare in a popular city. End cap location and turnkey and ready for new owners! This NEWER QUICK SERVICE restaurant was built in 2015 and serves artisan sandwiches and coffee drinks. It has a FULLY EQUIPED kitchen with a type 1 hood allowing new owner to convert to most any type of food concept with landlord approval.

Surrounding neighbors include NUMEROUS commercial units and high value homes. Traffic count in front of this restaurant is over 44,000 cars per day, according to OCTA.

Small footprint of approximately 1,000 sf and low rent of $2100 with a LONG lease. Average household income of over $80k/yr according to Datausa. Median home value is slightly over $1M per Zillow.

THIS IS THE PLACE TO DO BUSINESS!

DEMOGRAPHICS: Per data from Datausa.io website, this city has: Estimated average adjusted gross income of approximately $80k in 2016 Median price of a detached home: slightly over $1M in 2018 per Zilllow.

EQUIPMENT: Completely equipped kitchen for high volume restaurant.

FACILITIES & OPERATIONS: 1000 sf with 13 years left on the lease. (2 years plus two 5 year options) Rent is very reasonable at $2100/month including CAM. Open daily for lunch and dinner.

CURRENT MANAGEMENT & LABOR: Restaurant is absentee run. Owner has another business and does not have the time to devote to this business.

FINANCIAL SUMMARY: This is an ASSET SALE. $12k per month average sales.

Owner does little marketing or promotions. Plenty of room for catering to nearby offices and special events to the residential areas.

Listing #18185JD

visit us at www.PacificRestaurantBrokers.com and fill out our Confidentiality Form

Detailed Information

Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Business Website:
http://www.PacificRestaurantBrokers.com
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Pacific Restaurant Brokers

Business Listed By:
Jerry Diza

Pacific Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

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