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Spanish Restaurant- White Table Cloth

Hawthorne, NJ (Passaic County)

Spanish Restaurant- White Table Cloth
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Asking Price: $1,200,000

Cash Flow: $363,210

Gross Revenue: $1,059,000

EBITDA: N/A

FF&E: $350,000

Inventory: $35,000

Real Estate: $775,000

Established: 1989

Spanish Restaurant- White Table Cloth

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Business Description

SPANISH RESTAURANT 30 YEARS

Traditional Spanish Restaurant (white table cloth) for over 30 years, with Full Bar, Bar Area, Dinning Room, occupancy 150, Full Kitchen and enormous basement for storage- A MUST SEE! Go only with Broker for a showing. Real Estate Included ! ! !

Owner Operator will entertain a Business Sale with Lease- $425,000

Call Anthony Riotto

Detailed Information

Location:
Hawthorne, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,500
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Commercial Building and (1) Apartment upstairs; Class C Liquor License, Bar Room, Dinning Room, Parking along with additional adjacent parking, Full Service Kitchen, ansul System, POS System, full camera system and Alarmed. Lot Size 9,374 square feet with great buidling
Competition:
Pros: No Spanish restaurants in Town or the surrounding area, Business is on a busy road. Place in business for 30 years! Cons: Adjacent parking lot is next door, and must be used to Accommodate parking demands. Passaic River is adjacent.
Growth & Expansion:
Currently the business does no Uber Eats, Grub Hub, or Delivery. Has a weak on line presence and relies on it's strong reputation.
Financing:
NONE
Support & Training:
Owner to stay on 1 week post closing for transition.
Reason for Selling:
Owner Retiring after 30 years in business.
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Contact the Seller

(from currently available funds)
 
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Anthony Riotto

Business Listed By:
Anthony Riotto

Blue Ribbon Realty

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