4023 Route 9, Howell, NJ 07731 (MLS# 22128046)


$199,000
4023 Route 9
Howell, NJ 07731
MLS# 22128046
2000 sqft


4023 Route 9, Howell, NJ 07731
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4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731 4023 Route 9, Howell, NJ 07731

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

Details
Maps
Contract Info
Status: Active
List Date: 2021-08-23
Property Sub-Type: Business
Sale: Yes
Lease: No
List Price: $199,000
Current Price: $199,000
List Price/SqFt: 99.5
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
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
Tax ID#: 38-4025438
Deed Restricted: No
Special Assessment: No
Taxes: 6600
Tax Year: 2020
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; Security System; Sprinkler
Seat Capacity: 60 - 99
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: At Street
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
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. With a substantial down payment, they may also be willing to hold the mortgage for a qualified buyer.

Listing Office: Neuhaus Realty, Inc.

Listing Agent: Lisa Massetti

Last Updated: November - 22 - 2021

4023 Route 9, Howell, NJ 07731 - MLS# 22128046

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.

Thursday 9th of December 2021 04:29 AM