Established indian restaurant at a great location for sale.
| Asking Price: | $299,000 |
| Gross Revenue: | $750,000 |
| FF&E: | $120,000 |
| Cash Flow: | $125,000 |
| Rent: | $5,900/Month |
Excellent opportunity to own an established Indian restaurant at a desirable location in Morris County! Regular customers have been coming to this community staple for almost 20 years to dine in and takeout. The current owner has done a great job of maintaining the restaurant. The restaurant has 90 seats and the possibility of adding a party room by leasing space next door.
This restaurant is fully equipped with all FF&E required for an Indian restaurant, making it a perfect turn-key opportunity with huge parking right in front of it.
This wonderful BYOB restaurant also has a covered porch for all-weather outdoor dining or events!
Great opportunity to grow business by adding delivery, Uber, DoorDash, and Grubhub. Business can be further grown by adding delivery, catering, and private events in this functionally designed restaurant. The current owner is not fully utilizing these opportunities as he's looking to retire after 25 years in the business.
The current team is seasoned and has been working for quite some time and is expected to stay after the sale. The current owner will be available for 3 weeks to help in the transition after the sale. The current lease is expiring in 2028 with an option to extend for another 5 years.
This is a perfect opportunity for someone new and looking to get into the Indian restaurant business, because of the existing goodwill of the current restaurant or for a seasoned restauranteur to grow their business further. Once-in-a-lifetime opportunity!
*Proof of funds required*
