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TURNKEY Japanese Restaurant in the Heart of Rutgers Newark/NJIT

Newark, NJ (Essex County)

TURNKEY Japanese Restaurant in the Heart of  Rutgers Newark/NJIT
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Asking Price: $199,900

Cash Flow: $7,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $180,000

Inventory: $20,000

Rent: $2,500 /Month

Established: 2017

TURNKEY Japanese Restaurant in the Heart of Rutgers Newark/NJIT

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Business Description

TURNKEY Japanese Resturant in the Heart of Rutgers Newark/NJIT

Rare Opportunity to setup shop in the center of the Rutgers Newark/NJIT Campus area. Situated in between the Campus dorms and Academic buildings, this gem is truly a rare find. Alongside established and popular upcoming businesses like "Wholefoods, Playa Bowls, Baja Fresh and Halal Guys" These restaurants have created a cluster of variable cuisine that attract a wide range of clientele not only from the universities but from local residents, neighboring office buildings and the increase number of visitors to the area. Currently the location host's a popular neighborhood Japanese Ramen Restaurant. This is a turn key business where the current owner will train for up to 30days to ease in to a seamless transition. LOW rent and TONS of foot traffic! Development is happening fast and here is your opportunity to join this booming section of UNIVERSITY HEIGHTS.

Detailed Information

Location:
Newark, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
900
Lease Expiration:
4/1/2022
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
New built out, 16 months old. Transferable lease, $2,500/mth gross, 4yrs remaining in a 5 + 5
Competition:
Located right next to the corner of University Ave and Bleeker St. Across the street from academic buidings and under graduate/ graduate student dorms.
Growth & Expansion:
Current business offers primarily dine in offerings. Take out and catering is under realized. Tons of potential with very low overhead.
Support & Training:
Current owner will train for up to 30days to ease in to a seamless transition. Inventory and fixtures included
Reason for Selling:
Owner is moving
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Business Listed By:
Jian Woo

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