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Listed by:

Regal Consulting Corp.

Restaurant Lounge Bakery Nets For Sale

Ironbound Newark NJ, New Jersey, US
Asking Price:
$1,450,000 Furniture / Fixtures included
Sales Revenue:
Cash Flow:


Potential opportunity for EB-5 US Visa Investor

This highly successful thirty-year-old operation consisting of multiple venues, Tapas Restaurant, Lounge, Nightclub and Bakery with a gross yearly income of $2,125,000 and a net yearly income of $432,402. This contemporary Spanish eatery serving small & full plates, has a successful lounge with DJs, dancing & hookah. The business also has a full-service bakery which generates a substantial yearly income. The Tapas restaurant, lounge and dance club has gross yearly sales of $1,300,000 and the bakery will evidence gross yearly sales of $825,000. This is considered Iron bound’s finest food and dining restaurant located in Newark, New Jersey. Featuring the largest selection of Spanish tapas from spicy chorizo to shrimp in garlic sauce. Their dishes offer the best qualify foods and the bakery has a full selection of products. 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.

Property Information

Real Estate:


Lease Terms:

Lease and terms; the seller of this restaurant owns the property and will supply a new n fifteen-year commercial lease which will expire 2034-01-01, plus additional options available, with a monthly rent of $16,000 all in, cost per square foot is approximately $50.00 and rent security is required. This opportunity will also offer an option to purchase the real estate.

Leasehold Rent:

$192,000 per annum

Lease Rent:
$50 per sq ft per annum

This business opportunity is in norther New Jersey, Newark in the county of Essex on a highly active county road. This business facility consists of approximately 3,800 square feet, three floors, with a modern, and attractive appearance. The business is in a corner property on an active commercial avenue conveniently located for its various customers. The business also has exterior seating when weather permits.

Size in square feet:

Business Operation

Expansion Potential:

Regarding growth and expansion, this multi retail company can be further developed by increasing the use of the banquet-club second floor, offering valet parking, and improving the advertising position. 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:

bank and owner financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Trading hours:

Days Hours of operation; this business is active seven days per week, Bakery 6 am to 8:00 pm, restaurant hours from 11:30 am to 10:00 pm and the club is open until 2:00 am.

Regarding employees and payroll; this restaurant and company consist of twenty-one employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary for kitchen staff. The employees are fully expected to remain post-closing, the monthly payroll expense is approximately $46,000.
Years established:

Other Information

Support & training:

Training and owner support, the owner is 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.
Furniture / Fixtures value:
$350,000 - included in the asking price
Inventory / Stock value:

Contact Regal Consulting Corp.

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