Description

Tapas style restaurant with a gross income of $796,960 and a net yearly income of $127,894 located in wonderful city in Northern New Jersey and in the County of Bergen. This successful restaurant strives to create an atmosphere full of vitality and fun. They aim at crafting a memory between friends and family and they will leave a lasting impression with their customers by producing a sensory experience through both their food and quality service. They deliver a special atmosphere in order for their customers to feel warm and welcome as they choose from their eclectic menu that highlights their global culinary influences. The staff’s greatest objective is to nourish their community and guests. This is a wonderful / dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This is a quant and attractive restaurant which consist of 1,330 square feet with a modern appearance and located on an active commercial avenue in upper Bergen County New Jersey. The general area consists of many affluent communities with various active and successful businesses. The restaurant has 5 employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $11,800. This sale includes an assignable commercial lease which expires 2025-01-01 plus additional options, with a monthly rent of $3,818, cost per square foot is $34.10 and rent security of approximately $5,000. The restaurant is located on an active commercial avenue and the facility which consists of 1,330 square feet has a capacity for approximately forty-five (45) customers.

Posted Sep 23, 2016

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