3401-13100 Causal Restaurant for Sale/Lease - Great Location

Undisclosed Address, New Jersey
Business Opportunity for Sale
Catylist Listing ID: 30115299
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $99,000
Year Business Established: 1990
Gross Revenue: $285,760 (Annual)
Cash Flow: $9,775 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

Well established Family Restaurant located in Downtown area of upscale Union County town.

The business is available for sale or long term lease qualified purchasers with only a security deposit (ask for terms). Commercial Kitchen, staff and customer base are all yours.

Strong ROI. Opportunity to buy the business with little money down for qualified buyers. Re-brand or franchises are OK too!

Additional Details

Industry Segment: Restaurants
Reason for Selling: The sellers also are the building owners and are looking for a long term reliable operator to buy the business and to lease the space.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $15,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Single story 2500 sq ft building located in highly visible downtown location with ample metered parking. The Dining area was fully renovated in 2015 and seats 80. Full basement for storage and 2 walk-in refrigerators. Long term competitive lease available.
Employee/Labor Description: 3 FT/5 PT. Monday-Sunday 7am-9pm.
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. Family Style diner/restaurant with competitively priced menu. CO and food handlers license required. The local board of health inspects regularly. Meets all fire and safety codes.
Competition/Market Description: There are several restaurant is this vibrant and popular downtown area.
Growth/Expansion Opportunities: Advertise or re-brand to popular franchise concept.
Seller Financing Description: The seller will consider financing the business through increased rent. Ask the broker for details.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 786 20,823
Median Age: 42.75 39.37
Households: 280 7,291
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