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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.

Description  
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.


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