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On River

  • Listing Number: 206-20698

  • Category: Food - Restaurant

Asking Price $249,000
Down Payment $150,000
Gross Revenue $161,000
Total Adjusted Net Income $75,000
Equipment / Fixtures $50,000
Year Established 2002
General Location On River
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Owners retiring after 20 years of Good Will. YOU can OWN A casual and unique menu and full bar in a growing and beautiful location, this 20 year old successful restaurant is a great opportunity for someone interested in having their own gastro pub. You can expand the hours to include lunch and add entertainment in the best location on a river in NJ. This restaurant includes 1200 square feet of outside dining space! Well organized, very loyal customers the owners have serviced over 20 years.

Gross Revenue $161,000 Listed Price $249,000
Total Income $75,000 Down Payment $150,000
Base Rent $3,500 Square Feet 1200
Total Rent $3,500 Lease Expiration
Rent Deposit $7,000 Lease Options 2/1
Inventory $2,000 Leasehold Improvements $0
Equipment / Fixtures $50,000 Other Assets Class C Liquor License
Full-Time Employees 1 Training Period 2 months
Part-Time Employees 7 Special License Required Liquor
Contract Staff Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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