Turnkey Restaurant in Jersey City, Brand New 1600sf Space

Jersey City, NJ (Hudson County)

Turnkey Restaurant in Jersey City, Brand New 1600sf Space
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Asking Price: $299,000

Cash Flow: $35,000

Gross Revenue: $450,000

EBITDA: $45,000

FF&E: $30,000

Inventory: $5,000*

Rent: $8,000 /Month

Established: 2018

*not included in asking price.

Turnkey Restaurant in Jersey City, Brand New 1600sf Space

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Business Description

Turnkey Restaurant in High Foot Traffic Area - Brand New Construction!

Location, location, location! Approximately 18,000 commuters pass by this location on a daily basis. Located in Jersey City's Newport waterfront district, connecting the Newport Light Rail and PATH Stations, and on the way to The Newport Mall, this is a prime space for your fast-casual restaurant (e.g. salads, sandwiches, smoothies, yogurt, paninis, and any smokeless food preparation - THERE IS NO HOOD OR GAS LINE).

This high traffic area features other great neighboring tenants such as Chipotle, Just Salad, Gregory's Coffee, Cheesecake Factory, and more. The space is currently set up as a turnkey franchise, but can be transformed into a different concept with minimal capital. This location has all new equipment (only 6 months old) in a brand new, fully built-out and renovated space.

This space includes 1600 square feet with direct access via double doors to a loading dock for easy deliveries, a 10 year lease with a 5 year renewal option at only $60 per square foot, brand new leased equipment including 3 tall freezers, 1 tall refrigerator, 2 refrigerated prep stations, 2 reach in freezers, grab and go merchandiser, commercial panini press, 4k television, shelving/storage areas, 25+ person seating capacity with furniture included, a unisex bathroom, and a 2 person office for management.

To purchase the existing concept, we will provide full training and transition. For low lift remodeling or re-concept, we will provide a list of all of our contacts in the building, all subcontractors, and food distributors. We are also happy to assist with any permits or renovations, as we have a lot of experience building restaurants in Jersey City.

Don't pass up one of the best locations in all of Jersey City. Contact us today for more information.

Detailed Information

Location:
Jersey City, NJ
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
10/1/2028
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This space includes 1600 square feet with direct access via double doors to a loading dock for easy deliveries, a 10 year lease with a 5 year renewal option at only $60 per square foot, brand new leased equipment including 3 tall freezers, 1 tall refrigerator, 2 refrigerated prep stations, 2 reach in freezers, grab and go merchandiser, commercial panini press, 4k television, shelving/storage areas, 25+ person seating capacity with furniture included, a unisex bathroom, and a 2 person office for management.
Financing:
Financing will certainly be an option given the full build out in place
Support & Training:
To purchase the existing concept, we will provide full training and transition. For low lift remodeling or re-concept, we will provide a list of all of our contacts in the building, subcontractors, and food distributors. We are also happy to assist with any permits or renovations, as we have a lot of experience building restaurants in Jersey City.
Franchise:
This business is an established franchise
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Business Listed By:
Anthony Spagnola

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