What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $363,410.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Seller will finance up to $85,000. Terms to be discussed. This business may qualify for a business or SBA loan. If more financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased?
Currently the owner leases the property (gross lease). New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located?
Located in the Fairview, New Jersey region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: walk-in cooler, shelving units, prep tables, hood, new ac unit, tables chairs for up to 8 guests, small-wares, fryers, website, social media accounts, stove and much more. Estimated value is $40,000.
What size and how many customers can this restaurant seat?
This restaurant is 1600 sq.ft and can seat 8 inside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service but an online ordering service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 1 year.
Why is the owner selling?
Seller is relocating out of state.
What are the hours of operation?
This restaurant and deli is operated from 6am – 5pm Monday through Friday and 6am – 3pm on Saturday.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Established restaurant opportunity. Turnkey and move in ready. Includes the cost of all equipment. Great reviews and great location. Plenty of opportunity to increase revenue. Priced at $185,000. Some seller financing available. For additional information and to evaluate this business further Contact Us About This Restaurant Here!