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Business for Sale Summary

Latin American Food Cafe in Passaic County, NJ - 29305

Business Type: other eating & drinking places,other food stores,restaurant/ cafes
Latin American Food Cafe in Passaic County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $79,000 Down Payment $75,000
Gross Revenues $130,000 Lease Remaining Register Free to View
Owner’s Cash Flow $25,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and $4,000 over To be determined

Business Description

A Latin American restaurant located in Passaic County, New Jersey has just come on the market. Unique in its cuisine, this restaurant draws customers from the entire county and, in addition to its superlative food, it offers weekend entertainment. It is quickly developing a reputation in the regional Latin community. Owned less than two years, the current owners purchased this business as an investment, not to become operators. The prior owner had agreed to stay on to run the business after the sale, but he left shortly after to pursue his own interests, leaving the new owners to run the business or lose their investment. The new owners have done quite well during their brief time as owners, as sales have increased 50% in FY16 over FY15. Nonetheless, the new owners wish to sell, as the husband is a musician, and he and his wife travel to other states and outside the U.S., where he performs. Each time he travels, his wife accompanies him, and they often close the restaurant down for weeks at a time. The couple never intended to run the business. Consequently, it is now for sale. Please contact the broker for further information at 1-877-735-5224.

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.