GLATT KOSHER Mediterranean Restaurant. Price Drop. Great Opportunity.
Bergen County, NJ
| Asking Price: | $295,000 |
| Gross Revenue: | $750,000 |
| Rent: | $5,700/Month |
| Cash Flow: | $114,000 |
| Inventory: | $5,000 |
| Established Year: | 2023 |
Listing ID: 2288526Listing provided by BizBuySell
BUSINESS DESCRIPTION
Top 5 star rating on all online sites.
This restaurant is ready to take-off and DOUBLE sales.
Brand new renovation. New equipment, fixtures & fittings.
Great location and rent.
Long term lease.
2 Dining rooms with 140 seats total.
Operating limited hours.
Catering and private party bookings are increasing every week.
A once-in-a-lifetime opportunity to buy at a give-away price.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Bergen County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
31/12/2043
Employees
5
Facilities
Located on the main shopping street in this busy town.
Parking in the rear.
High visibility store with 35 ft. frontage.
Equipped with state-of-the art equipment including a bread baking oven.. Prep kitchen in the basement.
2 Dining rooms with 75 and 80 seats.
19 Year lease with 3% annual increases. Rent includes real estate tax allocation.
Competition
Top rated on all online platforms, with the most popular cuisine.
There are competitors, but none offer fine dining.
The town draws shoppers from all the surrounding towns.
Growth & Expansion
In-house catering is growing quickly and easy parking is a major benefit.
Store is open limited hours, for dinner only.
Need a strong marketing initiative to establish an online presence with a strong social media campaign and local advertising.
Support & Training
Owner will transition.
Reason for Selling
Seller lives over a hour away and has another restaurant in that town.
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