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Business for Sale Summary

Popular Fine Dining and Catering Hudson Cty, NJ - 30579

Business Type: restaurant/ cafes,catering and event planning
Owner Financing
Popular Fine Dining and Catering Hudson Cty, NJ
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This business has received 33 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $398,000 Down Payment $350,000
Gross Revenues $774,000 Lease Remaining Register Free to View
Owner’s Cash Flow $150,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and $48,000 at 7% over 24 months

Business Description

Popular Fine Dining and Catering Business with Express Service pick up food service, with seating for over 50 customers. This business also has a mezzanine on its 2nd floor. This business has two full kitchens with one specifically for catering. Both kitchens come with state of the art exhaust systems, central air with walk-in coolers and walk-in freezers. This popular restaurant & Catering also has an additional 16 seats sidewalk cafe, which brings the total dining-in space to over 60 seats. The seller had just recently renovated this business, transforming the restaurant into a beautiful space. This business is located next to the train station in a high-traffic area, with over 1000's potential customers walking by daily. This is a prime location with below market price rent. The seller is paying rent for only 1,823 sq. ft on an almost 2,300 sq. ft space.The seller has built out the mezzanine with over 400 square feet of additional space. The seller is looking for a partner with restaurant experience to help grow this great business to its full potential or to sell it all if the buyer does not want a partner. The current asking price is below what it will cost to build out a new restaurant in this prime location.The location of this business in itself is priceless as there is no other location like this in the surrounding area. Business has a huge growth potential for the right owner as it is currently operating at about 25% of its full potential. Call now as increasing business will raise the price of this growing business before you know it.The future buyer could also have the possibility to transform this space into a deli or any other type of business that serves food. This is a great chance for someone to partner with the current owner and run this business together or someone who would like to hit the ground running their own business.

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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.