For Lease, very unusual opportunity to own this modern recently built Café in a two hundred forty-nine room hotel with a seventy percent occupancy rate, minutes from the Lincoln Tunnel and the Meadowlands Arena. The hotel is in the process of finishing a total remodeling which includes all rooms and lobby with a state-of-the-art newer image. The lessee must have experience in the food industry and there is no selling price for this opportunity, however, the new tenant will be responsible for final reopening and appropriate rent security. This is not a purchase rather than a long-term lease requiring key funds to reopen. This can be a dependable safe business opportunity and based on the lease terms, options this business expects to supply a consistent return on investment to the owner operator.
- Asking Price:
- $60,000 Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M
- Cash Flow:
- $100K - $250K
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease and terms; this business transaction will offer a new ten-year commercial lease which expires 2035-01-01, plus additional options available, with a monthly rent of $7,000, cost per square foot is approximately $34.00 and rent security is required.
- Leasehold Rent:
-
$84,000 per annum
- Lease Rent:
- $34 per sq ft per annum
- Location:
-
The business is located on a state highway in a densely populated community of Hudson County, New Jersey.
- Premises Details:
-
This hotel café business is in northern New Jersey; Hudson County is on a highly active state highway with thousands of daily drives by vehicles. This business facility consists of approximately 1,800 square feet with a modern, and attractive appearance with a seating capacity for approximately thirty-five customers.
- Size in square feet:
- 1,800
Business Operation
- Expansion Potential:
-
Regarding growth and expansion, the retail café will be developed by an onsite owner operator by opening the restaurant and developing a customer base.
- Competition / Market:
-
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business.
- Reasons for selling:
-
The leasing group represents a large corporate entity with ownership of several hotels throughout the New Jersey, New York metropolitan area.
- Trading hours:
-
Days Hours of operation; this business will be expected to be open seven days per week, with hours from 6:00 am to 3:00 pm.
- Employees:
- Regarding employees and payroll, this café is presently closed due to new hotel ownership and will require the new owner to recruit staff.
- Years established:
- 2000
Other Information
- Support & training:
-
The new owner will be expected to have experience in the retail food industry.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Not applicable
- Furniture / Fixtures value:
- $125,000 - included in the asking price
