Fantastic Restaurant Opportunity In Upscale Northern NJ For Sale

Business description

Are you a serious buyer looking for restaurant space in a fantastic location with a brand new lease at a reasonable rate? Then you will need to move very quickly. Owner wants this sold in the next 30 days and is willing to sell it at a HUGE discount to a well funded, experienced, serious buyer. If you are a tire kicker, not ready to move forward just yet or have little money or experience – this opportunity is not for you. Price is firm - key money situation – no negotiations and no financing. Must be able to close within the next couple of weeks. Incredible opportunity – absolutely A+++ location. Currently a European concept but can be easily converted into any concept. Fully equipped, fully operational restaurant in fantastic location – almost 3,000 square feet. This place is currently doing almost one million dollars in sales. No brokers – all potential buyers will need to submit a confidentiality agreement. Only serious, ready to go buyers need to inquire - please.

Property information

Real Estate:

Lease

Lease terms:

Lease: Landlord is ready to provide new lease - approximately $8k per month.

Location:

Facilities: This restaurant is located on a very popular street, next to major chain clothing store, movie theater, Starbucks and other very popular and successful stores. Plenty of walk-by traffic- great visibility. Plenty of public parking directly across the street. 68 seats inside and seating for 60 on outdoor patio.

Other information

Expansion potential:

Growth: Plenty of room for growth - promote catering more and opportunity to expand inside seating by 30 seats.

Competition / Market:

Market: Upscale northern NJ town which fits this concept perfect. The location and decor makes this a very popular, well known eatery in the town.

Support & training:

Training: Yes - owner will provide two weeks of hands on training plus 30 days of phone support.

Reasons for selling:

Reason: Seller is looking to pursue other opportunities.

Furniture / Fixtures value:

$195,000 (included in the asking price)