REDUCED--Prime Spot on Main Street-Newark, DE-turnkey restaurant

Newark, DE (New Castle County)

REDUCED--Prime Spot on Main Street-Newark, DE-turnkey restaurant
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Asking Price: $49,900

Cash Flow: N/A

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,119.78 /Month

Established: 2017

REDUCED--Prime Spot on Main Street-Newark, DE-turnkey restaurant

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Business Description

Restaurant on Main Street, turnkey, great opportunity. If you want to use existing format, discuss franchise arrangement. If not, you can create your own items that will appeal to undergrads, professionals, businesses, and everyday pedestrian traffic. A full liquor license may be transferred to the "potential buyer". Complete an NDA and we can share location and financials.

Detailed Information

Location:
Newark, DE
Real Estate:
Leased
Building SF:
1,750
Lease Expiration:
2/28/2022
Employees:
13
Facilities:
Building downtown Newark, DE, all equipment included to operate a full-service restaurant. Parking on street and in lots; however, students and many residents walk and bike the main campus of Newark.
Competition:
There are a number of restaurants within the city limits; however, this restaurant seems to have cornered the market on its "specialties".
Growth & Expansion:
Catering, delivery, and expanding the hours of operation can enhance the growth of this business.
Support & Training:
Two-week training period conducted by Seller. Seller will remain to assure a smooth transition.
Reason for Selling:
Seller has a number of other businesses that need to be attended.
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(from currently available funds)
 
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Joseph Latina

Business Listed By:
Joseph Latina

Patterson Woods Commercial Properties

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