Please ensure Javascript is enabled for purposes of website accessibilityNJ Restaurant; 24 yrs profit; longterm lease; staff in place | Transworld Business Advisors

NJ Restaurant; 24 yrs profit; longterm lease; staff in place

Description

This Monmouth County restaurant started 24 years ago and has consistently provided quality food to its loyal customer base. It's conveniently located in a shopping center on a major throughfare in this high-growth community. The reputation for quality food, excellent service, and reasonable prices has also resulted in the restaurant holding numerous private parties and corporate events every year. This iconic restaurant has a great reputation and a ready-made staff, including experienced chefs, to support the new owner. The seller is willing to seller finance a portion of the acquisition to the right buyer. 13+ years remaining on the lease

Listing Details

  • Listing Number: 189597-789053
  • Location: Monmouth County, New Jersey
  • Price: 299,000.00
  • Down Payment: 199,000.00
  • Sellers Discretionary Earnings: 225,000.00
  • Category: Restaurants

  • Inventory: 10,000.00
  • FF&E: 200,000.00
  • Employees: 18
  • Years Owned: 24
  • Reason for Selling: Retirement

Business Listed By: