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Listing Number: 2072

Restaurant, Retail Business for Broker in Morris County New Jersey

Business:Restaurant, Retail Business for Broker
County, State: Morris County, New Jersey
Business Type: Restaurant/Cafes, Other Eating & Drinking Places

Summary Description

This high-end, well-established breakfast/brunch/lunch restaurant in Morris County, Northern NJ, is a large, well-designed, clean operation that offers a new owner immediate cash flow. With very little real competition and a very good customer base, this restaurant has an excellent location on the busiest main route in the area. It seats 132 indoors, another 30 outdoors, and has plenty of parking in a nice strip mall setting. A huge assisted living complex is in the process of being erected nearby, which will contribute even more to the business at this popular restaurant. The menu features a full menu of breakfast, brunch, and lunch items, with breakfast and brunch being the specialty. A long lease with options to renew are in place. If you're looking for a solid cash flow business and a very nice restaurant to run, look no further.

About the Sale

Asking price: $275,000 (USD)

Financing: $165,000 down and balance at 8% over 5 years

Total Revenues: $492,266 (USD)

Cash Flow: $69,419 (USD)

Reason Selling: Leaving business because of family obligations

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.