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Mexican Restaurant
Bergen County, NJ |
Listing #20666 |
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| Financial Information (non-confidential) |
| Asking Price |
$675,000.00 |
Gross Revenues |
$918,840.00 |
| Down Payment |
$675,000.00 |
Owner’s Cash Flow |
$260,094.00 |
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Financing: $675,000.00 Down and cash
Reason for Selling:Medical
A large and loyal following has made this Mexican specialties restaurant and bar an institution in an upscale town. No competition. Located in a strip mall with plenty of parking. Grossing an average of $19K a week with rent of $6,700 including snow removal, garbage collection and property tax. Seats 120 inside (including 12 at bar) plus 14 outside (license allows liquor service outside). Private party room with 50 seats available for off hours events. Premises completely renovated only 2 years ago with new electric, plumbing, handicapped restrooms and kitchen equipment. Half basement with some food storage. Sales breakdown: 35% liquor and 65% food; weekend 60% and weekday 40%; lunch 10% and dinner 90%. Point of sale system in place. 8 year record of solid sales. Unexpected medical issues bring this excellent opportunity to the market. Ideal for an individual or partners with food service experience and financial qualifications to build on the strong foundation of this business. Learn how you can grow this business to a weekly gross of $25K by making your inquiry today!
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Vested Corporate
Senior Business Broker
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Servicing Area:
This Broker is Servicing All of States
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
