Spanish Restaurant
Spanish Restaurant
Price: $800,000
Location: Hawthorne, NJ
Industry: Restaurants and Other Eating Places
Listing ID: 1223378
Traditional Spanish Restaurant (white table cloth) for over 30 years, with Full Bar, Bar Area, Dinning Room, occupancy 150, Full Kitchen and enormous basement for storage- A MUST SEE! Go only with Broker for a showing. Real Estate Included ! ! !
Total Sales: $859,000
Cash Flow: $237,000
FFE: $350,000
Reason For Sale:
Owner Retiring after 30 years in business.
Training & Support:
Owner to stay on 1 week post closing for transition.
Employees: 5
Square Footage: 3500
Facilities Information:
Commercial Building and (1) Apartment upstairs; Class C Liquor License, Bar Room, Dinning Room, Parking along with additional adjacent parking, Full Service Kitchen, ansul System, POS System, full camera system and Alarmed. Lot Size 9,374 square feet with great buidling
Competition:
Pros: No Spanish restaurants in Town or the surrounding area, Business is on a busy road. Place in business for 30 years! Cons: Adjacent parking lot is next door, and must be used to Accommodate parking demands. Passaic River is adjacent.
Potential Growth:
Currently the business does no Uber Eats, Grub Hub, or Delivery. Has a weak on line presence and relies on it's strong reputation.
Financing/Terms:
NONE
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