For more information on this property, contact Lisa Massetti at 718-608-5830 or lisajp33@gmail.com

4023 Route 9
Howell, New Jersey NJ 07731
Price: $199,000
Listing ID 22128046
Status Active
SqFt 2,000
Year Built 1967

Property Description:

Incredible Opportunity to Acquire a Well Established Profitable turn-key restaurant. This successful family owned business has a long standing excellent reputation serving the community with great homemade food over the past five decades. Located on highly trafficked State Route 9 in Howell's Aldrich Plaza shopping center, this neighborhood favorite is surrounded by other busy retailers, including large anchor stores. A pillar of the community, this bustling business has loyal clientele and a constant flow of people. Specializing in breakfast and lunch service, additional income streams include take-out and delivery; heat-n-eat home cooked prepared meals, catering with strong local and municipal following; and Express bus ticket sales for Academy and NJ Transit. New lease assigned optional The business is open daily from 5:30 am to 2 pm. New owners can keep the same hours as this very profitable business or extend them for much more growth potential. Current owners are retiring but willing to train the purchaser. With a substantial down payment, they may also be willing to hold the mortgage for a qualified buyer.
Lisa Massetti
Title: REALTOR-ASSOCIATE
Office Phone: 732-946-2911
Office Fax: 732-332-0247
Cell Phone: 718-608-5830

Primary Features

County: Monmouth
Price Before Reduction: 299900
Price Reduction Date: 2021-10-04T18:09:27+00:00
Price/SqFt: 99.5
Property Sub Type: Business
Property Type: Commercial
Year Built: 1967
Zoning: Commercial, Retail

Interior

Interior: Fire Alarm, Security System, Sprinkler
Minimum Ceiling Height: 12
Number of Levels: 1
Seat Capacity: 60 - 99
Water Heater: Natural Gas

External

Construction/Siding: Brick
Exterior: Lighting, Personnel Door, Sign
Garage: no
Lot Dimensions: 20'x110'
Parking: On Site, Open, Public Lot

Location

Area/Section: Howell Twnsp
Location: Near Busstop, Near Parkway Access, Near Turnpike Access, Strip Mall
Municipality: Howell (HOW)

Additional

Assessment Status: To Be Assessed
Available SqFt: 2000
Business Name: Colonial Coffee Shoppe
Business Operating: yes
Deed Restricted: no
Documents Available: Financial Statement, Fixture List, Furnishings, Inventory List, Lease, Operating Statement, Tax Returns
Electric: Other - See Remarks
Farm: no
Farm Assessed: no
Franchise: no
Gas: At Street
Handicap Access: yes
Heat Fuel: Natural Gas
New Construction: no
Sewer: Public Sewer
Special Assessment: no
Use: Other, Restaurant, Retail, Shopping Center/Mall
Water: Public Water
Year Established: 1971

Financial

Financials Per: Year
Gross Income: 425000
Lease: no
Lease Price/SqFt: 1.74
Net Operating Income: 250000
Sale: yes
Sale Excludes: Inventory
Sale Includes: Business Name, Equipment/Furniture, License, Machinery, Phone System, Signs, Training by Owner
Tax ID Number: 38-4025438
Tax Year: 2020
Taxes: 6600
Total Expenses: 175000

Zoning Info


The content relating to real estate for sale on this web site comes in part from the IDX program of the Monmouth Ocean MLS. Listing content is ©2021 Monmouth Ocean MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. The information provided is for consumers. personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Please contact Neuhaus NJ directly for additional information pertaining to the status and availability of properties displayed on this website. This listing comes courtesy of Lisa Massetti of Neuhaus Realty, Inc.. Data last updated: Thursday, December 2nd, 2021 at 10:04:46 AM.

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