New ultra-modern successful Luncheonette business in an active commercial mall of Essex County, Northern New Jersey. This business has existed for forty years with a wonderful reputation for its quality service and excellent food products. The business has recently been fully upgraded and the owner must sell due to family difficulties. This luncheonette has a gross income of $250,000 and offers an extensive breakfast and lunch menu including off premise catering. This luncheonette consists of a six-day work week with hours from 7:00 am to 4:00 pm and continues to service an active community of daily workers and shoppers, in this urban city area. The 1,400 square feet facility seats 38 customers and has a full size basement and private entrance. The business sale offers a long term lease with continued options with a gross monthly rent of $2,850 and modest rent increases. The sale includes a full commercial kitchen, numerous displays, tables & chairs, computer system, phone system, etc. This is a great opportunity to own a successful, established lunch deli business with unlimited potential. The restaurant has a new commercial kitchen, numerous displays, tables & chairs, computer system, phone system and various equipment required in this industry, etc. The building has a legal capacity for 49 customers and the facility is 1,400 square feet with a 1200 square foot basement. The business has private mall parking as part of the commercial lease agreement. The luncheonette is active six days a week (Closed Sunday) 7am-4pm. The business has a municipal food handler’s license to serve food to the general public. The lease requires the tenant to be responsible for utilities such as water, gas, electric, telephone apply and a complete expense list is available for review. The business has three employees who are expected to remain post-closing monthly payroll is approximately $4,760. Based on the asking price, required down payment and net income this business should supply a dependable return to the owner operator prior to debt service. This is an excellent safe business opportunity. The business has gross yearly sales of $250,000 and yearly net income of $50,000. The asking price is $125,000 and owner financing is available to qualified buyers and inventory is included. Because the sale of this business is confidential all viewings are by appointment only and any photo may not represent the particular business.

Posted Jun 16, 2016

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