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#Business ID: 20341

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Business Location: Passaic, New Jersey, United States

Asking Price: $ 399,000 Revenue: not disclosed Cash Flow: not disclosed

Business Summary

Formally this location was grossing $35,000.00 weekly, was recognized as best Italian in the state, now opening as a top line Greek Restaurant, with wine license. Has seating for 100+ bar area. Location has parking for 18 cars+valet area. Very large kitchen that any chef would be proud of. Place is 4,000 square feet with a low rent of 4,000 a month. Owner selling this place as he has 2 successful ongoing businesses. Very low selling price based on past performances for this location. Site address is well known to past frequenters of this former renowned restaurant. Situated on main avenue with possibility of 20,000 weekly gross for first year is possible. All employees including top line chefs will be staying on, this is a turn key sale.

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 owned.
This is not a home based business opportunity.
This is not a franchise resale opportunity.

Property Details

Property Type:

Lease

FF&E:

$ 150,000

Other Business Details

Premise Details:

4,000 square feet former location of one of the states premier restaurants. Parking for 18 cars, plus valet parking; very large location, dining room seats 100 plus bar. Good lease, facility has wine license.

Competition:

No other Greek restaurants in area with good food and making $20,000 weekly would be possible for first year; Time and exposure will bring new customers. Food and service are the best of quality. Advertisement will ensure continued growth.

Business Operation Details

Support & Training:

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

Miscellaneous Details

Financing Available:

Yes
Owner is giving away this renowned spot at this selling price- no financing.

Reason For Selling:

Owner now running two other full time successful.

Contact this seller

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