Great Chain restaurant(Absentee owner)
Palisades Park, NJ
| Asking Price: | $450,000 |
| Gross Revenue: | $780,000 |
| Established Year: | 1995 |
| Cash Flow: | $210,000 |
| EBITDA: | $325,000 |
Listing ID: 2242373Listing provided by BizBuySell
BUSINESS DESCRIPTION
100% absentee owner, manager operates, no chef necessary, Yearly net income will be around $250,000 if owner operates. Any one can own it without experience. Easy to run with simple menu. Owner retires.
As soon as the offer is accepted, the current owner will prove net income at the meeting to show all the papers. Very high profit and low cost. Rent is only around $12500 all included tax and Cam.
The buyer must be able financially, no offer can be done without proof of funds. One shot pay necessary. SBA loan and bank loan buyer is not wanted by the owner for the long delay.
Please text Leo. 201 328 4324 or Email:leo@cityporpertyassociates.com
DETAILED INFORMATION
Location
Palisades Park, NJ
Inventory
Included in asking price
Real Estate
Leased
Employees
4
Facilities
Free standing building, parking and full basement. Total 4500sf.
Competition
Very stable.
Growth & Expansion
Needs more social media marketing will increase a lot of delivery and sales amount.
Financing
If qualified with good credit, possible up to 20%.
Support & Training
Owner will hand over all the needs for the buyer.
Reason for Selling
Retirement
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