Turn-Key Gem in Middlesex County
Asking Price: | $395,000 |
Gross Revenue: | $1,200,000 |
Cash Flow: | $125,000 |
Motivated Seller! An absolute gem of a restaurant. Nestled in an affluent community, this restaurant was a new build in 2018 at an expense of $1.4m! It has a rustic/contemporary look and feel. It presents a vibe that has been well received with its high ceilings and a handsome bar! An outside patio that seats 60 is a real eye-catcher.
A true turn key opportunity that needs nothing. Ideal for a chef owner. Enhance current concept- blend in great Italian. Build revenue by expanding hours and add lunch and a weekend brunch! Catering opportunities have been requested. The community is underserved, so the sky is the limit.
PARKING: Dedicated parking available
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 5 years with additional five-year options
BASE RENT: $6,500 NNN (NNN= $3,000)
CONCEPT: Restaurant & Bar
SIZE: 3,400 square feet
SEATS: Bar: 21 seats; Dining: 86 seats; Patio: 60 seats
HOURS: Open daily at 11:30 6 days/week
LICENSES: Full Liquor License
SALES: $1,200,000
CASH FLOW: $125,000
ASKING PRICE: $395,000 (For the Business) – Seller Financing Available to Qualified Buyers!
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