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Accommodation & Food Services

ProfitableTurnkey Restaurant - Net Income

Camden, NJ, USA
Listed 112 days ago

Highly profitable restaurant situated in a prime desirable & busy district of Camden County serving the area for around 11 plus years. This well established business is equipped with a 3000 SQ FT space with charming interiors, full service kitchen with complete staff, 100 + sitting & dining, take-out & delivery. Recently remodelled, this elegant restaurant is a great choice with tasteful decor, and comfortable seating arrangements for both individuals and groups alike. This restaurant is an integral part of the community and serves as a great space for entertaining big groups, catering, special occasions and more. With an asking price below 2x earnings, this opportunity delivers a rare mix of affordability and cash flow. Money-making opportunity with potential to grow for motivated buyer! All equipment is in good condition and included in the asking price. The cash flow noted is for an owner/operator working 50 hrs/wk taking NO salary and before debt service.

Location

Located in huge strip center in a high traffic area, it is surrounded by popular businesses & major attractions. Ample parking and proximity to highways & local attractions makes it sought after and easily accessible

Employees

9 (3 Full-time, 6 Part-time)

Real Estate

Lease

Premises Details

Charming dining space, fully equipped kitchen, deep freezers & equipment & more. Leased location in a busy strip center with ample Parking!

Support & Training

Seller is willing to provide 2 weeks of training to the buyer to ensure smooth transition.

Size In Square Feet

3,000 sqft

Reason for Selling

Retirement

Financials

Asking Price
$250K
RevenueMost Recent Year
$775K
Earnings (SDE)Last Reported
$165K
Assets Value
Undisclosed
Seller Financing
Not available

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