$149,000
Howell, NJ 07731
MLS# 22128046
Status: Closed
2000 sqft
1 / 8
Property Description
'Attention Entrepreneurs-Incredible Opportunity to Acquire a Well Established Profitable turn-key restaurant. 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.
Details
Maps
Contract Info
Status: Closed
List Date: 2021-08-23
Property Sub-Type: Business
Sale: Yes
Lease: No
Sold Price: $150,000
Current Price: $150,000
List Price/SqFt: 74.5
Lease Price: 3471
Lease Price Per/SqFt: 1.74
New Construction: No
Location
House Number: 4023
Street Name: Route 9
County: Monmouth
Municipality: Howell (HOW)
Postal City: Howell
State: NJ
Zip Code: 07731
Area/Section: Howell Twnsp
Directions: Please use GPS
Rt. 9 North Aldrich Shopping Center
General Property Info
Handicap Access: Yes
# Levels: 1
Available SqFt: 2000
Retail SqFt: 2000
Apx SqFt: 2000
Apx Year Built: 1967
Garage: No
Lot Dimensions: 20'x110'
Business Name: Colonial Coffee Shoppe
Business Operating: Yes
Year Established: 1971
Franchise: No
Lease Expiration Date: 2025-08-31
Farm: No
Tax and Legal
Deed Restricted: No
Special Assessment: No
Taxes: 6600
Tax Year: 2020
Remarks & Misc
Excluded: personal belongings
Status Change Info
Under Contract Date: 2022-02-14
Sold Date: 2022-04-25
Sold Price: $150,000
Income & Expenses
Financials Per: Year
Gross Income: 425000
Net Operating Income: 250000
Total Expenses: 175000
Miscellaneous
Min Ceiling Height: 12
Property Features
Location: Near Busstop; Near Parkway Access; Near Turnpike Access; Strip Mall; Near Busstop; Near Parkway Access; Near Turnpike Access; Strip Mall
Use: Restaurant; Retail; Shopping Center/Mall; Other
Interior: Fire Alarm; Handicapped; Refrigeration; Sprinkler
Floors: Vinyl
Seat Capacity: 60 - 99
Cooling: Central Air
Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Exterior: Lighting; Personnel Door; Sign
Parking: On Site; Open; Public Lot
Construction/Siding: Brick
Sale Includes: Business Name; Equipment/Furniture; License; Machinery; Phone System; Signs; Training by Owner
Sale Excludes: Inventory
Zoning: Commercial; Retail
Lot Description: Sidewalks
Common Elements: Professional Mgmnt
Assessment Status: To Be Assessed
Documents Available: Financial Statement; Fixture List; Furnishings; Inventory List; Lease; Operating Statement; Tax Returns
Financing: Cash
Supplements
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. This successful family owned business has a long standing excellent reputation serving the community with great homemade food over the past five decades.
Listing Office: Neuhaus Realty, Inc.
Listing Agent: Lisa Massetti
Last Updated: April - 26 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.