Business Summary:
Walking into this award winning Restaurant/Lounge gives any patron a feeling of euphoria. Meticulously decorated, comparable to entering into an atmosphere of celestial perfection, the opulent surroundings are simply astonishing.
Gross sales of $4,000,000 divided equally 50% food and 50% bar. Both operating at 20% cost of goods. Two stories, 7,000 sq ft, party room 2nd floor (100 capacity), main dining room 1st floor seating 200, has the most attractive bar/lounge ever conceived (TVs abound). This extremely fashionable restaurant is an enormous money maker as well. Does $4,000,000 yearly, showing profit close to $2,500,000 – (yes, that much). Average dinner check $100.00 per person – lunch is $30.00 per person. Menu is American Fare, plus sushi. Service is impeccable, all set in ornate surroundings. Open 7 days a week – has different specials on weekdays, insuring constant flow of patrons.
Owner has conceived a dream which became reality. Owner is also landlord, and has given buyer a lease that will ensure profitability as a large money maker, even after its first 20 years. This is Hoboken – where all liquor serving outlets are extremely profitable. This extremely highly esteemed location is the Emperor’s Palace. Hoboken’s many municipal parking garages and direct transportation to NYC and major portions of NJ are a short walk away
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