870 Broadway
Newark City, NJ 07104

$545,000 (Business Only)

Sq. Ft.: 3,300
Type: Commercial
Listing #3934275
The Latin Flavor Restaurant & Lounge - "Turnkey Restaurant Opportunity in Prime Location " Don't Miss Out!" Are you looking to own a thriving business in a high-traffic area? This restaurant/lounge offers a proven concept with strong community support, consistent revenue, and excellent growth potential. Whether you're a seasoned restaurateur or a budding entrepreneur, this is a chance to step into a fully equipped, operational restaurant without the hassle of starting from scratch. Situated in a bustling area with high foot traffic and visibility, save thousands on startup costs with a ready-to-go setup. Expand hours, introduce catering, or refine the menu to boost profits. Lower level with plenty of storage space and finished space. Seller is willing to assist during the transition for a smooth handover. Liquor license C Class - "Plenary Retail Consumption License Title 33" - alcoholic beverages can be sold On and Off premises, the license also allows the sale of packaged merchandise, novelty clothing, cigars, cigarettes, snacks, and nonalcoholic beverage. Equipments, inventory and goodwill included in the sale.
Property Features
Location Information
County: Essex
Latitude: 40.77921
Longitude: -74.156
Directions: From McCarter Highway to Verona Ave. From Washington Ave to Broadway
Interior Features
Heating: 3 Units, Forced Hot Air
Heating Fuel: Gas-Natural
Cooling: 3 Units
Basement Description: Finished, Full
Has Basement: Yes
Exterior Features
Water: Public Water
Utilities: Gas In Street
Driveway: None, On-Street Parking
Garage Description: None, On-Street Parking
Road Description: City/Town Street, Corner
Additional Information
Property Type: COM
Status: Active
Business Name: The Latin Flavor Res
Inclusions: Business Name, Business Phone Numbers, Furnishings, Goodwill, Inventory, Licenses/Permits-Transfer, Machinery, Signs
Documents Available: Inventory Report, Leases, See Remarks
Existing Lease: Lease Transferable, Renewal Option
Business Type: Retail
Gross Income: 0


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative:
REALTY XPRESS GROUP LLC
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GSMLS (Broker IDX) data last updated at December 26, 2024 12:24 AM ET