Newly Established Restaurant Investment Opportunity in Jersey City, United States
Established | 0-1 year(s) |
Employees | 2 - 5 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | Nil |
Run Rate Sales | Nil |
EBITDA Margin | 18 % |
Industries | Restaurants |
Locations | Jersey City |
Local Time | 10:05 AM America / New York |
Listed By | Business Owner / Director |
Status | Active |
Have proven concept doing $12.7M annually. Focusing on restaurants and entertainment for all ages, with a particular emphasis on adults and corporate clients.
- The business plans to expand to the Northeast and then move south, with a projected annual revenue of USD 35 to 40 million.
- The plan includes opening 4 restaurants, all registered under the same entity, with different cuisines designated for each floor: steakhouse, Italian, Greek, and pub respectively.
- The restaurants will also include simulators and various other indoor entertainment options, such as bowling, to cater to a wide range of guests.
- The first restaurant is scheduled to open in 3-6 months, while the other three restaurants are planned to open in the first quarter of the following year.
- The previous location of the business had an annual revenue of $12.7 million, indicating a track record of generating significant income.
Food, beverage and various other indoor entertainment.
Target client base is adults and corporates.
The plan includes opening 4 restaurants, all registered under the same entity, with different cuisines designated for each floor: steakhouse, Italian, Greek, and pub respectively.
Furniture, fixtures, kitchen equipment, simulators.
A lot of equipment is already in place.
Leased facility of 1 floor, 1 floor built out, other floors.
Are partially built out. Built-up area is 46,700 sq ft.
Location is Jersey City, NJ.
Starting funds were raised through some friends and family.
$500k debt in the previous location.
Investment in the new location ranges from $200k to $3M.
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Earlier than 15 daysCEO, Miami, Financial Consultant connected with the Business
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Earlier than 15 daysPartner, Charlotte, M&A Advisor connected with the Business