1873 route 70 | Cherry Hill, NJ, 08003
Price: $ 1,500,000 +/- 4500 SFSales
Business Description:
American-style restaurant and bar for sale in Gloucester County. The sale includes furniture, fixtures, equipment, and Type 33 – Plenary Retail Consumption License (NJ). This is a completely turn-key operation. The restaurant is set up to handle up to 200 patrons with bar seating, interior seating, and exterior patio seating. The business has continually increased its gross sales since its grand opening in 2018 with its chic vibe, extensive bar menu, and scratch kitchen-style menu.
About the area: Gloucester County continues its exponential growth driven by an increase in residential units/population and industrial growth. The area’s median income is in excess of $120,000 annually. The area is surrounded by residential houses and is in a highly trafficked neighborhood retail complex.
This is a wonderful opportunity to own a restaurant with liquor license in a high-growth area.
Investment Highlights:
Location: Gloucester County, NJ
Established: 2018
Asking Price: $1,500,000
Building Size: +/- 4,500 SF
Gross Revenue: +/- $1,800,000
FF&E: Included
Liquor License: Included Type 33
Real Estate: Leased
Rent: $15,000 / month gross
Seller Financing: No
Employees: 30
Facilities: Turn-key restaurant with all furniture, fixtures, and equipment. Fully fit-out kitchen and bar. Outdoor patio with tent
Growth & Expansion: Continued growth every year since opening in 2018
Support & Training: 2 weeks paid consultation
Reason for Selling: Retirement
