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

Mediterranean Restaurant for sale in Monmouth County, NJ

Monmouth County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 200,000 $ 900,000 Undisclosed

Business Summary:
Wonderful business opportunity to own this successful casual restaurant in a popular area of Monmouth county, New Jersey. Owner is relocating and must sell; he will accept an aggressive price with possibility of owner financing. This ultra-modern Mediterranean restaurant inspired cuisine mixed with a New York attitude, flavorful herbs and spices combine textures to appease broad-based palates. The business has a consistent $18,000 weekly gross income which is projected to substantially increase during the next twelve months. Their attentive staff ensures the entire dining experience is stellar from beginning to end. Whether part of a party of fifty or a party of two, the experience throughout is elegant and enjoyable. They offer a variety of traditional and locally sourced dishes such as naturally raised rotisserie meats, pastas, fresh fishes, and much more. Their down to earth, but charming atmosphere is designed to appeal to those who value a homelike environment. The restaurant is available for private parties’ lunch or dinner and their family room offers a private room for special events. They cater to all occasions and their management staff will help develop the perfect menu for a social event. The restaurant consist of 7 full time and 4 part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, the staff is unaware of the pending sale & fully expected to remain post-closing. The business transaction will offer an assignable commercial lease which expires 2028, plus additional options available, with a monthly rent of $9,000, cost per square foot is estimated at $21.00 and rent security of approximately $21,000. The business presently produces approximately $18,000 gross weekly income or $900,000 yearly, represented by the seller and a consistent net income based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. This is a dependable safe business opportunity. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 2018
   
Number of Employees: 7  
   
Facilities / Terms of Lease: This restaurant business opportunity is in central New Jersey, Monmouth County, which consists of highly populated communities with continued demand for this food service and service industry. The retail facility which consist of approximately 4,800 square feet has a very attractive appealing appearance. The business consists of a free-standing structure on an active county road with substantial visibility.  
   
Potential Growth/Expansion: The business opportunity is six months new, can be further expanded by the new operator by maintaining the operation, improving the existing marketing plan and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.  
   
Competition: To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.  
   
Owner willing to finance: May be available to a qualified buyer.  
   
Owner willing to train: The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: Owner is relocating our of the state.  
   
Seller Reference Number: REST711
BusinessMart.com Listing Number: 247554
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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