Established Restaurant in Prime Shopping Center

Atlantic County, NJ
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Asking Price:$275,000
Gross Revenue:$451,212
Established Year:2014
Cash Flow:$103,714
FF&E:$61,000
BUSINESS DESCRIPTION

LISTING ID # 34874

Established Restaurant in Prime Shopping Center with a Major Anchor Tenant. You must see it to appreciate it. You will not be disappointed. They have fantastic reviews and over 16,000 Facebook followers alone. This is the type of place you wish you had in your neighborhood. Friendly staff, high quality food, casual environment. This is an award-winning business in a highly sought-after location. They are only open 5 days per week for lunch and dinner. A new owner can extended this to a full 7 days. In the past year the business grossed approx. $451,212 with an owner-operator cash flow of approx. $103,714. The gross sales have seen strong upward growth throughout 2022. The space is 2,800 sq. ft. with ample parking. The current rent is $3,191.13/mth (incl. CAM). A qualified buyer can obtain a new long-term lease. We are seeking a serious and financially qualified buyer with at least $199K in liquid funds to cover the down payment, but additional funds should be available for working capital, rent security, deposits, etc. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!


DETAILED INFORMATION
Location
Atlantic County, NJ
Inventory
Not Included in asking price
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
199,000.00 Down & $76K over 4 yrs. @ 6.5% with a personal guarantee.
Support & Training
Seller Will Train
Reason for Selling
Health issues.
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd