favorite this post Restaurant in great location - $240000 hide this posting unhide

Currently have available a beautiful modern restaurant in the heart of Paterson NJ. This restaurant is approximately 1400 sq. ft. and is in a prime location in Paterson. The current owner wants to spend more time with his family so he is looking to move on from food business. The restaurant works on 21% profit margin every month. They average $40,000 in gross sales a month, and the owner takes home $10,000 after all expenses. The rent is $7150 a month with 3% increase a year and the landlord is willing to sign new lease for 5 years. There are 4 working employees now and they plan to stay on after the sale of the restaurant unless the new owner brings in his/her team.

Current Expenses:

$7150 a month rent

$2100 a week labor

$2500 a week inventory (food and paper)

$1800 a month gas and electric a month

$80 a month water

$140 a month cable

$200 a month insurance

30% of business is deliveries

$6000 a month sales uber eats, grub hub, door dash.

This is a great opportunity for anyone who is trying to get into the food business; this is an established restaurant already. If you are interested and would like to sit down with the owner please call/text Alex show contact info .
  • do NOT contact me with unsolicited services or offers

post id: 6914433103



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