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Upscale Restaurant/Bar for Sale

1873 Route 70 | , , 08003

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Price: Call for Details+/- 1500 SF

Business Description:

Upscale restaurant, specializing in wine, located in Burlington County, New Jersey. This leased space is located in a newly developed retail complex, that was beautifully fit out in 2020.

The compact kitchen is fully equipped. A liquor license is included in the sale and allows for bar/table service and package goods. This business is an aggressively priced sale and the current owner will assist with the transition to the new buyer.

Investment Highlights:

Asking Price: $600,000
Cash Flow: $79,335
Gross Revenue: $1,200,000
FF&E: $135,000
Rent: $5,361
Established: 2020
Location: Burlington County
Real Estate: Leased
Building SF: +/- 2,600 SF
Leasing Expiration: 12/31/2029
Employees: 3 FT & 10 PT
Growth & Expansion: Limited hours, increase day & hours for more revenue
Support & Training: Owner will provide 30 days included & more with negotiable
Reason for Selling: Family Reasons

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    AVAILABLE SPACE +/- 1500 SF

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    Ken Richardson