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Listed by:

Regal Consulting Corp.

Restaurant Pub In Little Falls Nj For Sale

Little Falls NJ, New Jersey, US
Asking Price:
$150,000 Furniture / Fixtures included
Sales Revenue:
$760,000
Cash Flow:
$100,000

For lease with an option to purchase for this wonderful business opportunity to own this combination three-year-old business consisting of a popular restaurant and bar lounge. This opportunity business opportunity with a long-term lease with an option for the property.

The owner will finance this transaction with a moderate down payment and at a fair rent. The opportunity is poised for continued significant growth due to the industry demands.

Ideal acquisition for other successful banquet operator seeking geographical expansion into the North Jersey marketplace, corporate executive or professional couple looking for a highly satisfying career and life change, or smart investor looking for solid growth, asset appreciation and safety. The business opportunity is an ideal location for many types of special functions.

The 2023 gross income is $760,000 and a 2024 projected gross income of $1,000,000 resulting in a consistent net yearly income based on an onsite owner operator and prior to any debt service. A formal due diligence is recommended by broker.

Owner financing is available to a qualified buyer.

Property Information

Real Estate:

Lease

Lease Terms:

The transaction can also include the purchase of real estate and can offer owner financing. Lease and terms; this business transaction will offer a ten-year commercial lease, plus additional options available, with a monthly rent of $5,500, triple net, cost per square foot is estimated at $25.00 and rent security is required.

Leasehold Rent:

$90,000 per annum

Lease Rent:
$26 per sq ft per annum
Location:

This business opportunity is in north New Jersey, Passaic County conveniently located for customer services near to various highways. This business facility has been recently upgraded with an attractive image and consists of a 2,600 square feet restaurant lounge with a private entrance. The sale also included a state of the are modern commercial kitchen, for high volume food production.

Size in square feet:
2,500

Business Operation

Expansion Potential:

Regarding growth and expansion, this company has no marketing system and a very poor website, non-optimized, which is required to develop this style of operation.

Competition / Market:

Regarding competition, based on the size and unavailable liquor license, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reasons for selling:

Absentee owner and landlord.

Trading hours:

Days Hours of operation; this business is presently active five days per week, with hours from 4:00 pm to 9:00 pm.

Employees:
Regarding employees and payroll, this food service company consist of six employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the average monthly payroll expense is approximately $16,000. The professional staff provides guests with exceptional food and service, from inception to completion for all social events.
Years established:
2021

Other Information

Support & training:

Regarding competition, based on the size and unavailable liquor license, to the best of our knowledge, no other new competitors are expected to affect this company. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

To be determined

Furniture / Fixtures value:
$325,000 - included in the asking price
Inventory / Stock value:
$4,000