RestaurantsFor Sale in NJ
Financial & Assets Details
About the Business
Popular long-standing café and fast food restaurant located in a highly successful indoor / outdoor antique flea market with thousands of yearly visitors. The owner has elected to retire after many years in this industry and has priced this business transaction at a very marketable price with owner financing. The café consists of a free-standing building with a private entrance and comfortable indoor and outdoor seating. This café is located at a 50-year-old highly successful antique Flea Market which is well known as an institution, is open year-round, since 1967, and has been a “gold mine” for finding antiques, collectibles, art and more and is clearly not your everyday flea market. They have ATMs on site as well as outdoor seating for lunch or food breaks and enjoy a variety of refreshments at this fair environment. This café business consist of two part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $720. The business transaction will offer an assignable commercial lease which expires 2021 plus additional options available, with a monthly rent of $1,344 all in, cost per square foot is estimated at $9.95, and rent security of approximately $1,500. This is a dependable safe business. 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.
Growth & Expansion
The business opportunity can be further expanded by the new operator by offering a catering menu, improving the existing marketing plan and the required local advertising. Additionally, the company does not have a web site and if adjusted can further develop the business yearly gross sales.
To the best of our knowledge, due to landlord non-compete lease agreement, 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.
This successful retail facility which consist of approximately 1,200 square feet have a modern professional appearance. The business is in a large indoor and outdoor flea market with various other active and successful businesses. This opportunity is in Central New Jersey, Hunterdon County, which consists of many highly populated communities with continued demand for this industry.
Support & Training
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 retiring and relocating out of state.