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Business for Sale Summary

Eat-In or Take Out Restaurant -Hunterdon County,NJ - 30523

Business Type: other eating & drinking places,other food stores,pizza parlour,best deals!,new to market,seller financing available,restaurant/ cafes
Eat-In or Take Out Restaurant -Hunterdon County,NJ
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $65,000
Gross Revenues $285,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$65,000 Down and $34K over 2 yrs. @ 8%

Business Description

Eat-in and take-out restaurant for sale. Sells pizza and burgers. This business was established in 2015, and offers high-quality pizza, burgers and additional dishes, such as sandwiches, wraps, salads, wings, etc. They offer eat-in service, take-out and delivery. They are open 7 days (M-Sat 10am-10pm, Sun 11am-9pm). The business is located in a small strip mall, with good parking, on a busy road. The space is 1,100 sq. ft., with 10 seats (no basement) and 7 years remaining on the current lease. Rent of only $2,500/month. The lease allows a tenant to walk away, at any time, with only 90 day notice. In the past year, the business grossed approx. $285,000.00 (35% delivery, 40% take-out and 25% dine-in), with a cash flow of approx. $60k (for an owner/operator). The current owner is only there part-time (2 days/week), and has a high payroll of approx. $70k/year for 2F/T and 2P/T employees. Sales are up 10%, year over year. They offer a full kitchen with hood system. The owner is selling, as his family is growing and he needs more free time. The business can continue to grow with the current concept, or you can come in and change everything. We are seeking a serious and financially-qualified buyer with at least $70K in liquid funds to cover the payment and $5k rent security. To learn more, please call or email Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.