Turn-Key Restaurant Space in Essex County - Corbett Business Sales & Acquisitions
Essex County

Turn-Key Restaurant Space in Essex County

Offered At
$ 449,000.00

Details

Primary Industry
Restaurants & Food
Gross Sales
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Cash Flow
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EBITDA
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FFE
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Year Established
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Includes REA
1
Lease SF
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Lease Rate
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Lease Term
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Lease Description
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Real Estate Description
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Reason For Selling
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Description

Turn-key, fully built-out Mexican restaurant including all of the leasehold improvements, furniture, fixtures, and equipment. This is a great opportunity to operate in a signature downtown location with beautiful outdoor seating! Liquor license included in sale.

Parking: Street parking, nearby lots
Lease Terms: 5 years with one (1) five-year option
Base Rent: $15,866/month plus NNN (NNN = $3,115/mo.)
Seating: Approximately 300 inside, 50 outside
Size: 9,520 sf total amongst 2 floors & patio space
Licenses: Full Liquor License
Sales: Historical sales of over $1,800,000 in this location
Concept: Mexican Restaurant

Asking Price: $449K For the Built-Out Restaurant Space and All Alcohol License
$2.7M Including the Real Estate

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