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Businesses For Sale   >>   Essex Businesses For Sale   

Popular Restaurant In Affluent Area

Location  Essex County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $500000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1985
Number of Employees  4 - 5
Inventory  175000 Equipment & 2000 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The seller will remain after closing and supply a long term transitional period.
Reason for Sale  Seller is relocating out of the general area.

This popular restaurant in an affluent area is an excellent opportunity. Its unique appeal is a result of a menu selection of authentic, traditional Turkish recipes with contemporary and eclectic influences of Mediterranean, Middle-Eastern and even Oriental styles. Every single item on the menu is prepared in house using only the freshest meats, fish, aromatic vegetables and a distinctive selection of herbs and spices. Owner is relocating out of the area and has supplied this wonderful purchase opportunity to own a charming profitable restaurant in an affluent area of Essex County, New Jersey. This attractive restaurant has a consistent gross income of $500,000 and a yearly net income of $100,000. The sale includes a long term lease with a monthly rent well below market value. The general area is well known for its various retails businesses which offer a variety of shopping experiences to the general public. The facility has an attractive image with an indoor seating capacity for 70 and a beautiful outdoor patio and an additional seating capacity for 70 customers. A highly-trained and dedicated wait staff is another key to perfection, especially in providing diners with professional service and personal attention. The sale includes, a turnkey restaurant operation, fully equipped commercial kitchen including various equipment required for this particular food industry and a list of equipment is available upon request. The business has a legal capacity for 105 patrons, 1,800 square feet, on one main floor with a large outdoor patio and a basement. This retail business has a full staff of four employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of $5,200. This general area has substantial municipal parking nearby to the restaurant. The restaurant is operational six days weekly with hours from 11:30 am to 10:00 pm. The sale includes a municipal Certificate of Occupancy for this particular facility.

Click Here To Contact Seller

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