Real Estate-Tradl Spanish Restaurant

Hawthorne, NJ (Passaic County)

Seller Financing Available
Real Estate-Tradl Spanish Restaurant
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Asking Price: $1,400,000

Cash Flow: N/A

Gross Revenue: $1,000,000

EBITDA: N/A

FF&E: $300,000

Inventory: $40,000*

Established: 2000

*not included in asking price.

Real Estate-Tradl Spanish Restaurant

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Business Description

This white table cloth traditional Spanish Restaurant with good sales and great profitably has tremendous opportunity for growth. It's got everything a restaurateur wants, Seating capacity, Bar Capacity, separate Lounge area for drinking, tremendous basement for all the back of the house needs including Waiter locker room, dry goods storage, etc. This establishment is perfect for the any restaurateur who want to take over a successful Spanish restaurant and grow business 100% more simply by marketing digitally it's great food, Catering/party facilities and delivery options. The owner is retiring after many years of great success, moving back to Spain.

Detailed Information

Inventory:
Not included in asking price
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real Estate included! Liquor License Included! Business included! Busy 3500 square foot Traditional white table cloth Spanish Restaurant whose cuisine and style is influenced from Galicia, Spain. It has a busy dining room and Lounge cocktail area along with a full service Kitchen boasting all of the necessary equipment to do high volume- All commercial grade. It has an enormous basement for food and dry goods storage along with Wait staff room/lockers and office for back of the house functions. This great opportunity has a great reputation already built. This establishment also has a beautiful 3 bedroom apartment, Living Room/Dining Room, Eat In Kitchen all modernized with beautiful hardwood floors, new windows, etc. A point of sale front and back of the house system is in place along with state of the art camera. The establishment has parking on site and has had to make arrangements with additional parking next door. It's open 7 days a week for Lunch and Dinner. All Major credit cards are accepted.
Competition:
There are limited Liquor Licenses, and no other competitors in the particular cuisine.
Growth & Expansion:
The business does not have a marketing plan and does not in any significant way promote via digital media or otherwise. There's a tremendous opportunity to grow business by 100% simply by promoting the a la cart menu, catering parties and delivery service.
Financing:
some
Support & Training:
The owner will stay on for 2 weeks or more to allow a smooth transition.
Reason for Selling:
Owner is retiring and moving back to Spain
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(from currently available funds)
 
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Anthony Riotto

Business Listed By:
Anthony Riotto

Blue Ribbon Realty

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