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#Business ID: 20173

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Beautiful Restaurant With Seating For 100

Business Location: Morris, New Jersey, United States

Asking Price: $ 375,000 Revenue: $ 600,000 Cash Flow: $ 190,650

Business Summary

Located in Morris County, this beautifully well appointed 27 year old family owned restaurant is looking for a new owner to step in and continue the popularity and profitability of this great restaurant. This well established restaurant consists of over 2,666 square feet plus a 1,700 square feet basement with walk- in freezers. It has seating for 80, plus an additional 15 on the outside area weather permitting. The quality built dining room was completed in November of 2009 and reflects a major capital investment of over $200,000. It has high ceilings, brick and mahogany interior, softly lit lighting and it is romantically furnished making it a relaxing place to dine. There are beautiful French doors that open onto the sidewalk cafe area. It is a BYOB establishment and must be seen to be appreciated. It’s beautifully decorated and the food is delicious. Great ratings from Zagat and New York Times. Street parking is available as well as public parking in a lot or garage. You may keep the current menu or easily convert it because of the versatility of the equipment in the kitchen. There are many office buildings in the upscale area which translates into excellent lunchtime and dinner business. Opportunity to increase sales by catering to local businesses. Perfect for first-time or established restaurateur or family business. This opportunity won't last long. You could start a restaurant from scratch, negotiate a lease, build out the space, buy the furniture, find and train the staff, recruit customers and if you are really good, break-even after a year. Or you could buy a beautiful restaurant like this one and skip the start-up headaches and profit from day one. This restaurant has a sterling reputation in the county restaurant community and offers the finest cuisine you will find in the state. With a little additional marketing, this restaurant will continue to increase its monthly and yearly sales.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a home based business opportunity.
This is not a franchise resale opportunity.

Property Details

Years Established:

1984

Property Type:

Lease

FF&E:

$ 200,000

Other Business Details

Premise Details:

Beautifully well appointed 27 year old family owned profitable restaurant which consists of over 2,666 sq ft plus a 1,700 square feet basement with walk- in freezers. It has seating for 80, plus an additional 15 on the outside area weather permitting. The quality built dining room was completely renovated in November of 2009 and reflects a major capital investment of over $200,000. It has high ceilings, brick and mahogany interior, softly lit lighting and it is romantically furnished making it a relaxing place to dine. There are beautiful French doors that open onto the sidewalk cafe area. It is a BYOB establishment.

Business Operation Details

Employees:

5

Support & Training:

The owner is willing to train/ assist the new owner.

Miscellaneous Details

Financing Available:

Yes
Prime+2% over 3 years.

Reason For Selling:

Moving to Florida.

Contact this seller

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