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Hi volume Asian restaurant

Westfield, NJ

Seller Financing Available

Casual Restaurant
Asking Price:$250,000
Gross Revenue:$1,100,000
Rent:$6,088/Month
Established Year:2010
Cash Flow:$170,000
Inventory:$1,500
FF&E:$90,000
Listing ID: 2317899Listing provided by BizBuySell
BUSINESS DESCRIPTION

Well know, highly profitable Asian, Japanese, Ramen and Sushi casual restaurant located on an active commercial avenue of Union County, New Jersey. This is an over-the-counter quick service restaurant with high quality food products. The company has a gross income of $1,100,000 and a consistent net yearly income of approximately $165,000 based on an onsite owner operator. The company has a successful delivery service with all of the national delivery services apps. Quick service, quality food and fast delivery. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

DETAILED INFORMATION
Location
Westfield, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,750
Lease Expiration
20/11/0033
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This business opportunity is in north central New Jersey, Union County on a highly active commercial avenue. This business facility has a seating capacity for thirty-five customers, consists of approximately 1,750 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility with a private entrance and conveniently located for its various customers.
Competition
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion
Regarding growth and expansion, the retail company can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing
Also, seller financing is available for this transaction is available to a qualified
Support & Training
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Reason for Selling
The purpose of this business transaction is due to the owner relocation to a lar
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