3402-12903 Semi-Absentee Diner- Cash Flow over $265K

Undisclosed Address, New Jersey
Business Opportunity for Sale
Catylist Listing ID: 30047353
Property Subtypes: Food and Beverage
Building Size (RSF): See Agent
Sale Price: $649,000
Year Business Established: 2006
Gross Revenue: $895,114 (Annual)
Cash Flow: $266,910 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

Very Popular Café/Diner style restaurant on main county road. Located in the heart of town, this restaurant is busy 7 days a week serving breakfast, lunch and dinner. The restaurant has been highly rated and has great reviews online. Easy to manage and great cash flow with loyal repeat customers. Perfect for someone looking to start their own restaurant or relocate out of city into great town. Owner will train and lives in the area to ensure a smooth transition. Catering also.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owner is pursuing another business opportunity outside of food.
Value of Inventory Included ($): $5,000
Value of Furniture, Fixtures, and Equipment ($): $15,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 1500 sq. ft. restaurant with full kitchen capability and server station. Great Location is across the street from the train station and part of downtown, so highly visible. Very well-known with lots of regular customers. Turn Key opportunity with key staff in place.
Employee/Labor Description: 10 FT/ 4 PT Sun-Mon 8am–3pm; Tues-Sat 8am–9pm
Mgmt/Training Support Description: Will train for 2 weeks @ no cost.
Competition/Market Description: Busy town with lots of restaurants but this one stands out for its quality of food and atmosphere.
Growth/Expansion Opportunities: Growth opportunities exist with catering. New owner should expand that capability.

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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