Business Summary:
Established Full Service Restaurant & Bar in Northwest Middlesex County. This is a strong location with great visibility and high traffic counts. The space has been thoroughly renovated recently and is in good condition. It has Full Liquor & Entertainment Licenses and a very strong Cash Flow of $196,000 while only being open for limited hours. This location is good for almost any concept; sales and the bottom line could be grown by staying open later and focusing on alcohol sales.
FACILITY: This is a strong location with great visibility and high car counts. The space is approximately 3,500 square feet with a separate Bar Room and Dinning areas. The facility has a functional layout and the Sellers recently completed significant renovations.
CONDITION: The building and restaurant are in very good condition.
PARKING: Plenty of Plaza Parking
EQUIPMENT: The equipment has been well maintained and is of good quality.
LEASE TERM: Four (4) year lease with 2 Five (5) year options available.
BASE RENT: $3,640 per month (which includes the triple nets)
CONCEPT: Full Service Italian Restaurant & Bar
SEATING: 100 Plus seats
HOURS: 11:30 AM – 9:00 PM Tuesday – Sunday (License is until 2:00 AM)
LICENSES: Full Liquor & Entertainment (2:00 AM)
SALES: $715,000 (80% of which was food)
CASH FLOW: Approximately $196,422 (with limited hours)
PRICE: $242,000 (For the Business)
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