Details - Information last confirmed on May 28, 2021

Listing ID # 33776

Healthy QSR in Prime Location! Currently closed due to Covid, but fully equipped, clean and turn-key. Get in before the busy season begins. This store is located in the middle of a major pedestrian plaza. It is a 2,000 square foot space with a rent of $9,200/mth "all in". The current rent is below market value, as it was secured prior to the extension of the pedestrian plaza. There are 7.5 years left with a 5 year renewal option. The owners are looking to transfer or assign the lease as is, without any changes. You can keep the current healthy QSR concept or bring in your own concept. The pedestrian plaza is one of the most populated and heavily trafficked in the area. It is just a few minutes from PATH and right next door to dozens of restaurants and bars. In the past full year prior to Covid the business grossed approx. $485K with an owner's cash flow of approx. $50,000.00. The assets of the space include a $200,000 build-out (only 2.5 years old), back office for the general manager/owner, two bathrooms, a big basement for storage (with another bathroom), and about $30,000 of new kitchen equipment and furniture. There is currently no cooking done on-site, so there is no hood or cooking equipment. However, the landlord has approved the installation of a hood, at the new tenants'expense. This space is currently set up as a turnkey fast casual franchise restaurant. If you'd like to become a franchisee, the franchise fee and training will be included in the sale price. If you want to bring in your own concept you can save yourself 6-12 months of time and $200,000 in build-out costs, and make this location the next big restaurant or bar in the downtown area. We are seeking a serious and financially qualified buyer with at least $89K in liquid funds. To learn more, please call, text or email broker. All meetings must be scheduled by appointment only!

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