Recently Built Restaurant, Bar, & Banquet Hall For Sale (Liquor License included; All FF&E Like New)

Price: $675,000

Location: Secaucus, Hudson County, NJ

Industry: Food & Bev

Listing ID: BAE201808


Restaurant & Bar

Listing Description

Looking for a deal on a turn-key 7,500 sq.ft restaurant with a liquor license included? It’s right here! This casual latin restaurant & bar is absolutely beautiful with All high-end FOH and BOH furniture, fixtures,& equipment. This is a great opportunity to buy a fully built out and operating restaurant for a heavily discounted price, as compared to the start-up costs incurred by the current owners of this establishment. This restaurant is located in the heart of busy downtown Secaucus, NJ. It is 1 out of approximately 20 — family-owned latin restaurant chain locations. They spent nearly $1,300,000 to purchase a liquor license and open the doors of this restaurant & bar a little over 2.5 years ago. It is rare to find a business owner that is willing to take a loss on a new investment. However, “One man’s loss is another’s gain”. The seller of this place has already come to terms with taking a loss on his original investment only because they have many other locations that are highly profitable. The seller and his family are currently downsizing. They simply have too much on their plate and are in the process of divesting numerous locations; keeping only a handful of their top-performing locations. This established Latin restaurant has 2 main dining areas, a full liquor bar, and a nice sized banquet hall for corporate & private events.

We are asking $675,000 for a business that costs double that to build. The liquor license alone is valued at $300k. This location has a large banquet room with a custom stereo system and lighting. A buyer basically has the opportunity to buy a turn-key business for its asset value. This is a steal of a deal for the right person. The restaurant is currently doing well with $2.1M in gross revenue for 2017. The ideal buyer for this place is another restauranteur who wants to take this huge (7,500 sq. foot of dining & banquet space) fully operational restaurant and convert it into their own concept or business model with minimal opening delays and a reduced start-up cost. The current owners would prefer selling to a buyer that wants to change the name and concept. But are willing to sell it “as is” to the right buyer. A buyer with industry experience and the time needed to focus on growing this location into the super busy & profitable restaurant that it was built to be. Unfortunately, the seller just doesn’t have enough time to devote to this location. Now is a great time to buy this place and capitalize on a business priced to sell at asset value. FF&E, Liquor License, and Inventory ALL INCLUDED.

For more information contact Business Acquisition Experts- Business Brokers

Cody Weaver (646)737-5273

or

Kenny Yeglinski (732)850-2903

www.acquisitionspro.com

https://acquisitionspro.com/businesses-for-sale-2/

Listing Details

Total Sales: $2,177,000

Cash Flow: $201,550

FFE: $300,000 (Included in Price)

Inventory: $20,000 (Included in Price)

Reason For Sale:

The current owner's overextended themselves when they opened this location. They want to sell to someone who has the time to focus on the day to day operations of the restaurant. Because they just don't have enough time in the day to focus on this location.

Training & Support:

2 weeks

Operation

Year Established: 2016

Year of Last Acquisition: N/A

Days & Hours of Operation: Mon 9:00 am - 10:00 pm Tue 9:00 am - 10:00 pm Wed 9:00 am - 10:00 pm Thu 9:00 am - 10:00 pm Fri 9:00 am - 12:00 am Sat 9:00 am - 12:00 am Sun 9:00 am - 10:00 pm

Owner Hours Per Week: 15

Non-Owner Payroll: $15,000

Employees: 20

Managers: 2

Summary

Owner Qualifications:

Prior restaurant ownership or management expertise a Huge Plus!

Competition:

None in the area with their amount of dining space or corporate catering capabilities.

Potential Growth:

Catering, late night bar with live entertainment, private parties, & corporate events.

Financing/Terms:

Negotiable