See Similar Listings

Absentee Lucrative Established Diner In Shopping Mall For Sale

Hunterdon County, NJ
listing image
Asking Price:$4,300,000
Gross Revenue:$3,484,000
Cash Flow:$999,500
Established Year:2009
Listing ID: 2312831Listing provided by BizBuySell
BUSINESS DESCRIPTION

OWNER ABSENTEE OPERATION, LONG TERM LEASE- 37 YRS REMANING
6900 SF-194 SEATS PLUS ADDITIIONAL SEATS FOR PARTY: WEEKLY VOLUME: 67K ABOVE, BYOB RESTAURANT
7 DAYS A WEEK, RENT: $10,500 ( EVERY 5 YR- 10% INCREASE) Food Cost: 30% Below
CAM CHARGE: $7000/M, GAS & ELEC: $45-$5000/M, WATER INCLUDED, GARBAGE:$800/M
Merchant Fee: 2%, LAST YEAR SALES: $70,000 WEEKLY
UPDATED KITCHEN IN TOP CONDITION:
BASEMENT/GROUND FLOOR - 6 WALKIN BOXES( FOUR AND TWO FREEZERS- UPDATED NEWER COMPRESSORS, NEW HOT WATER HEATER,
BRAND NEW HVAC UNIT ON ROOF TOP , MARKETING COST: $350/m, Yearly Maintenance and Repair:$4000
New POS System , Uniform/Linen Cost:$70/Weekly
WEEKLY PAYROLL: $14,500/W, Workers: 26-30
CREDIT/CASH RATIO: MORE CREDIT CARD SALES

DETAILED INFORMATION
Location
Hunterdon County, NJ
Inventory
Not Included in asking price
Employees
30
Facilities
UPDATED KITCHEN EQUIPMENTS- UP TO DATE IN TOP CONDITION: BASEMENT/GROUND FLOOR - 4 WALKIN BOXES With TWO Walkin FREEZERS- UPDATED NEWER COMPRESSORS, New Hot Water Heater, TOTAL 2 HVACs : BRAND NEW HVAC UNIT ON ROOF TOP- WITH ANOTHER ONE WORKING HVAC. NEWER POS SYSTEM
Competition
HIGHLY COMPETITVE RESTUARNT WITH FIVE STAR DINING. ONE OF THE FINE DINER IN NEW JERSEY LOCATED IN BUSY SHOPPING MALL/COMPLEX
Growth & Expansion
MUCH MORE ROOM TO GROW FOR NEW OWNERS SURROUNDED BY ALL RESIDENTIAL HOMES AND APARTMENT COMPLEX
Support & Training
2 WEEK TRAINING
Reason for Selling
RELOCATION
Report an Issue with this listing
ERIC SUH
Young Star Realty, LLC
Phone Number
ERIC SUH
Call Phone