Businesses For Sale > Business For Sale in Union, New Jersey (NJ)

Profitable Fast Food Greek Restaurant for sale in Union, NJ

Union, New Jersey (NJ)

Asking Price:	Gross:	Cash Flow:
$ 285,000	$ 725,000	$ 216,615

Furniture and Fixtures Value:
$ 70,000 (included in the asking price)

Inventory Value:
$ 5,000 (not included in the asking price)

Business Summary:
Beautifully-renovated made-to-order Greek restaurant in the heart of a very busy intersection. Plenty of parking in a lot with some other storefronts. (3) partners have other more lucrative business interests prompting the sale. SALES BREAKDOWN: 50% Take Out, 25% Delivery, & 25% Dining In. Present owners did well being open (7) days per week, but, cut back to (6) to spend time with their families. New owner can open up on Sunday's to generate more business. FURNITURE, FIXTURES, & EQUIPMENT in very good condition valued @ +/- $70,000 included in sale. OTHER EXPENSES: Office Supplies $1,200, Pest Control $660, Misc. $3,400 = $5,260. Owners are willing to finance a lesser portion. Projected financials for 2018. Contact Seth Kain @ 201-317-4710 for more details & showing.

Year Business was Established: 2010

Number of Employees: 5FT 8PT

Facilities / Terms of Lease: 2,200 square feet. There's free parking in a lot in the front of the building + some other spots in front of other stores nearby. All furniture, fixtures + equipment are in very good condition. There are 4 years left on present lease + 4 five-year options. A qualified buyer can do a lease assumption through the landlord.

Potential Growth/Expansion: A new owner should open up on Sunday's. The previous owner did extremely well when the place was open 7 days a week. Some advertising + promotion would help to boost gross sales + profits.

Competition: There's no direct competition for Greek food in the same town. Especially for the wide variety of barbecue chicken + ribs.

Owner willing to finance: Owner is offering to finance a minimum of 30% of a deal over a maximum of 48 months

Owner willing to train: 2 weeks of training at no cost at all for a new owner.

Reason for selling: Two partners have other more lucrative businesses.

Seller Reference Number: 6261SK
BusinessMart.com Listing Number: 234551

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For more info contact:

Larry Bodner
Executive Business Brokers
908-851-9040

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