See Similar Listings

Established, Popular American Grill

Essex County, NJ

Seller Financing Available

Asking Price:$399,000
Gross Revenue:$1,000,000
Established Year:2023
Cash Flow:$199,000
Rent:$6,297/Month
Listing ID: 2301959Listing provided by BizBuySell
BUSINESS DESCRIPTION

Classic American Grill in Essex County

Fantastic Opportunity to Own a Thriving Restaurant in Essex County!

This charming restaurant, once a cozy diner, has been thoughtfully transformed into a delightful eatery while preserving its nostalgic counter seating that draws in guests. Located in a standalone building on a high-traffic road just minutes from Montclair, this gem offers unbeatable visibility and access—ensuring steady foot traffic and a loyal, local customer base.

With seating for 75 guests and a private parking lot offering ample parking, this location is ideal for anyone looking to own and operate a bustling restaurant. The well-equipped kitchen is ready for immediate service, with no renovations needed, making it perfect for an owner eager to hit the ground running.

Key Highlights:

2023 Revenue: $700,000 (first year in business)
2024 Projected Revenue: $1.1 million
Food Costs: 28%
Payroll: $6,000/month
Break Even: $14,000/week
This opportunity is perfect for someone who dreams of owning their own restaurant in a prime location with solid financials.

Serious inquiries only! This business is priced to sell quickly, and we are looking to engage with motivated buyers who are ready to move fast.

DETAILED INFORMATION
Location
Essex County, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
05/12/2027
Employees
7
Facilities
Kitchen Double door refrigerator Deli/sandwich refrigerator Double fryer Charcoal grill Flat top grill 6 burner stove/oven Top broiler Convection oven Slicer machine Basement 2 walk in refrigerator Ice machine Deli slicer 2 upright freezer 2 low boy freezer Updated electrical panels Front 2 tvs POS system iPad reservations iPod music Double espresso machine Milk refregeration Pie case with low refrigerator Small ice cream freezer
Competition
This is a thriving market and attracts business from the Caldwells, Montclair and Essex Fells vicinity.
Growth & Expansion
This business started off its first year at about $700K in revenue and is on track for a 57% increase for 2024. There is a wonderful opportunity to increase the growth of business here, especially because it is such a great location with a steady flow of traffic and the best parking situation in the area in which it is located.
Financing
The seller will consider seller financing on a selective basis and within certain par
Support & Training
Owner will assist in transition
Reason for Selling
The owner has an opportunity to expand to a much larger operation and closer to
Report an Issue with this listing
profile-img
Edward
Laub
logo-img
Phone Number
Edward Laub
Call Phone