Restaurant Saloon
Asking Price: | $699,000 |
Gross Revenue: | $1,722,464 |
Rent: | $13,000/Month |
Established Year: | 2010 |
Cash Flow: | $261,498 |
Inventory: | $1,000 |
FF&E: | $390,000 |
Ultra-modern high volume restaurant with a valuable consumption liquor license in a prime area of northern Bergen County New Jersey. This modern steak house has a yearly gross income of $1,722,464 and a solid net yearly income to the present owner operator. The landlord is also offering the sale of the real estate. The restaurant as a steak house, specializes in the finest USA prime dry aged steaks, premium seafood, and Italian specialties. The goal is to offer quality food with only the finest food products and the best possible service with an outstanding staff. Their clients Indulge in the ultimate carnivorous experience at Lets Meat Steakhouse. Their prime cuts are aged to perfection, ensuring every bite is a savory delight. From tender filet mignon to robust ribeye, their selection caters to every steak lover's palate. Prepared by their expert chefs, each steak is grilled to the exact preference, delivering unparalleled flavor and juiciness. Complement your steak with mouthwatering sides, from loaded baked potatoes to crisp, and garden-fresh salads. Their clients pair their meal with a selection from an extensive wine list or choose from our array of craft cocktails and beers, curated to elevate your dining experience. Whether it is a special occasion or a casual night out, our warm ambiance and attentive staff ensure a memorable dining adventure for you and your loved ones. SBA bank and seller financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating. This is a wonderful safe business opportunity with an excellent return on investment. The 2023 yearly gross income as represented by the owner was $1,722,464 and the business has a yearly net income of approximately $219,498 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2024 income is expected to be possibly greater than the previous year, also a formal due diligence is available for this transaction.
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