Very Successful Juice Bar Restaurant

Price: $429,000

Location: Jersey City

Industry: Cafe/Juice Bar

Listing ID: BAE201811


Juice Bar

Listing Description

LOCATION! LOCATION! LOCATION! This restaurant/juice bar is in a superb location with Solid Cash Flow. This business is located right next to a major transportation hub. The restaurant has a long standing loyal customer base and always has high volume foot traffic.
Seller may consider taking on an operating partner as well. The owner is open to selling a 50% equity stake in the business, to an experienced chef, former food & beverage manager, or previously successful restauranteur.This restaurant focuses on supplying the public with healthy delicious foods as well as incredible fresh made juices. Current owner has barely scratched the surface on catering and with a 2nd full kitchen makes for tremendous upside growth potential. This is a dream store for any potential buyer that has the vision and entrepreneurial drive to take over this already successful juice bar.
The retiring chef and business owner has done A LOT of planning and preparation towards his exit strategy. The result is this fully transitional turn-key business that is ready for the next owner.
For more information and tips about this seller’s entrepreneurial exit strategy, please read our previous blog post here: http://acquisitionspro.com/entrepreneurial-exit-strategy-prepare/
The 10 BEST Juice Bar’s in Jersey City, NJ: https://www.yelp.com/search?cflt=juicebars&find_loc=Jersey+City%2C+NJ

Listing Details

Total Sales: $1,100,000

Cash Flow: $180,000

FFE: $135,000 (Included in Price)

Inventory: $10,000 (Included in Price)

Reason For Sale:

Owner needs an experienced partner in restaurant industry.

Training & Support:

Owner is willing to stay on for 60 days

Operation

Year Established: 2013

Year of Last Acquisition: 2017

Owner Hours Per Week: 40

Employees: 10

Managers: 2

Location

Lease Option: 2033

Monthly Rent: 8000

Type of Location: Brick and Mortar

Square Footage: 2000

Facilities Information:

The previous owner invested over $48,000 on building a 400+ square foot mezzanine upstairs. Location is equipped with a sidewalk cafe license for 5 tables. Located right across the street from a major transportation hub!

Summary

Competition:

Very minimal! Quality ingredients and an excellent staff has given this restaurant the reputation as”The Best Juice in Town”.

Financing/Terms:

Seller Financing Available