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Eat And Take Out Restaurant In Morris County For Sale

Morris County, New Jersey, US
Asking Price:
$125,000
Sales Revenue:
$310,000
Cash Flow:
$50,000

Stand Alone Eat-in & Take-Out Fast Casual Restaurant. This is a great opportunity to take an existing base of business and grow. In fact, sales have been growing since they opened. The owner has another business and cannot spend enough time in this location. The menu is simple and easy to follow. The space is 1,600 sf. with seating for 50, plus outdoor seating. The existing lease is for 10 years at a rent of $3,500/mth. In the past year the business grossed approx. $310,000.00 with a net cash flow of approx. $50,000.00 (a hands-on owner can increase this by cutting payroll). The business has a full staff of 5 F/T and 2 P/T employees. You can keep the concept and grow, make some changes, or bring in something new. We are seeking a serious and financially qualified buyer with at least $80K in liquid funds to cover the $75K down payment and $3,500 rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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