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Business for Sale Summary

Specialty Restaurant in Bergen County, NJ - 32651

Business Type: other eating & drinking places,restaurant/ cafes/ diners
Specialty Restaurant in Bergen County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $190,000 Down Payment $190,000
Gross Revenues $1,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $180,000 Number of FT Employees Register Free to View

Financing

$190,000 Down and cash

Business Description

Established more than 3 years, this Latin American restaurant is breaking all sales records despite the pandemic. Located in a great restaurant town. Excellent reputation and reviews. More than 4,500 email addresses of loyal customers are targets of periodic marketing campaigns Premises are recently renovated, outdoor seating has been added, and the menu has been revised to include many popular entrees. A strong take out and delivery business have a proven record, and the business is well positioned in this uncertain market. 80 per cent of the business is take out and delivery, while 20 percent is outside dining. Current sales of this rapidly growing business are $20,000 per week. The asking price is an incredibly attractive one times multiple of annual cash flow. If you are an experienced restaurant operator, who seeks a growth opportunity at a great price, then this owner wants to talk with you immediately. Make your inquiry now!

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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.