Well know, highly profitable Asian, Japanese, Ramen and Sushi casual restaurant located on an active commercial avenue of Union County, New Jersey. This is an over-the-counter quick service restaurant with high quality food products. The company has a gross income of $1,100,000 and a consistent net yearly income of approximately $170,000 based on an onsite owner operator. The company has a successful delivery service with all of the national delivery services apps. Quick service, quality food and fast delivery. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The 2023 yearly gross income as represented by the owner is estimated at $1,100,000 and the business has a yearly net income of approximately $170,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2024 income is expected to be similar or greater to the previous year and formal due diligence is recommended by broker.
- Asking Price:
- $285,000
- Sales Revenue:
- $1,100,000
- Cash Flow:
- $170,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer an assignable commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $8,088, cost per square foot is approximately $50.00 and rent security is required.
- Leasehold Rent:
-
$9,756 per annum
- Lease Rent:
- $50 per sq ft per annum
- Premises Details:
-
This business opportunity is in north central New Jersey, Union County on a highly active commercial avenue. This business facility has a seating capacity for thirty-five customers, consists of approximately 1,700 square feet with a modern, attractive, and professional appearance. The business is in a free-standing retail facility with a private entrance and conveniently located for its various customers.
- Size in square feet:
- 1,700
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail company can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
- Reasons for selling:
-
The purpose of this business transaction is due to the owner relocation to a larger noncompetitive business opportunity.
- Trading hours:
-
Days Hours of operation; this business is active seven days per week, with hours from 11:00 am to 9:00 pm.
- Employees:
- Regarding employees and payroll, this retail company consists of twelve full & part-time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $30,000.
- Years established:
- 2016
Other Information
- Support & training:
-
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Also, seller financing is available for this transaction is available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
- Furniture / Fixtures value:
- $90,000
- Inventory / Stock value:
- $1,500
