Restaurant with Real Estate For Sale In South Jersey
(Food and Beverage)
New Jersey
Listed Price: $ 2,900,000
Listing ID: 1559A
Listing DetailsGross Revenue: $ 806,000
Cash Flow: $ 213,000
EBITA: $ 213,000
Real Estate: $ 2,200,000 (Included in Price)
Inventory: $ 10,000
Reason for Sale:
Retiring
Training & Support:
2 Weeks
OperationsYear Established: 1976
Days & Hours of Operation: Tuesday thru Sunday 8 am-3 pm. Closed Mondays
Employees: 16
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 7000
Type of Location: Stand Alone
SummaryBusiness Description:
Restaurant with Real Estate for Sale in South Jersey. Currently only opened to serve breakfast and lunch. This location is a large corner property on a busy highway with excellent demographics. 7,000 square foot building sitting on 1.16 acres. This restaurant comes with a liquor license already in place. Potential for new owner operator to increase sales by extending hours to include dinner service and better utilize large bar area. Seller will hold $500,000.
Financing/Terms:
Seller will hold $500,000 at 6%, 5 year balloon / 25 year payout.