Type: Active Restaurant
Selling Price: $ 1,150,000
Featured: No

Gross Revenue: 140000
Gross Revenue Comments: This restaurant and bar also has a deli/liquor store. It is located in a very nice area on NJ around Yardley, New Hope and Washington Crossing. It sits directly on the Delaware River and Canal. It has been owed by the same family for over 30 years. It is in an area of heavy tourism, right across from the main entry to a state park. The restaurant serves lunch and dinner and has a full broad liquor lisc. There is seating in two areas for 80 people plus seating at the bar for over 10 people. There is also a deck on the canal with seating for 20. The kitchen has been updated recently. During the summer there are long lines to get in. The business is solid all year long due to the high end housing in the area and year round tourism. There is also a 2 Bedroom apartment that is part of the building. There are two small parking lots that hold a total of 20 cars with other parking available. The building has great site lines and good signage. You would never be able to replicate this again as it sits right between the main road and the canal. There is an opportunity to expand the restaurant where the deli is. You could also rent that area to a Dunkin Donuts or a Ritas as there is great traffic that backs up at your door all day long. The owner is also looking into changing the deli to a pizza by the slice operation to sell to all the walk up traffic and tourists. Price includes the building, business and liq. lisc.
Inventory: 50000 and not included
Cash Flow Comments: Market Outlook and Competition: This is a great location in a great area. It is located at the main entry of a state park and sits right on the delaware canal. Sales are doing well but a new owner could increase advertising and marketing. The current owners do very limited advertising. Incomes in the area are great.
FF&E: 150000
Seller Financing: no
Year Established: 1975
Employees: 12
Franchise: no
Facilities: Free standing building on busy road that backs up to Delaware canal. The building did NOT flood. The building is over 4500 sq. ft with a restaurant and a deli/liq store on the first floor as well as a deck out side and a 2 bedroom apt on the second floor. There are two small parking lots that hold 20 cars.
Reason for Selling: Owned by same family for over 30 years and they want to retire.