TAPAS RESTAURANT & WINE

RestaurantsFor Sale in Ridgewood, NJ

Listing ID: REST810 | Broker Listing ID: BLP468921

Financial & Assets Details

Revenues: $884,906

Cash Flow: $110,000

FF&E: $90,000

Inventory: $1,500

Inventory Inc. in Price: Yes

Square Feet: 1,330+/-

About the Business

Year Established: 1999

Employees: 5 ft

Lease Amount: $4,500

Seller Financing: Yes

Business Description

Popular Tapas style restaurant with wine license, located in wonderful affluent city in Northern New Jersey, and in the County of Bergen. This successful restaurant has a wonderful reputation, strives to create an atmosphere full of vitality and fun. A substantial percentage of their sales represents delivery and pick up. They deliver a special atmosphere for their customers to feel warm and welcome as they choose from their eclectic menu that highlights their global culinary influences. The staff’s greatest objective is to nourish their community and guests. This is a wonderful / dependable business opportunity, the owner does not function in the kitchen.

Growth & Expansion

The restaurant business has a semi absentee owner, has a limited marketing plan, poor web site and if improved can further develop the business income.

Seller Financing

Seller financing has been approved to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Market Competition:

To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Location Details:

This is a quant and attractive restaurant which consist of 1,330 square feet with a modern appearance and located on an active commercial avenue in upper Bergen County New Jersey. The general area consists of many affluent communities with various active and successful businesses.