Mediterranean Seafood Dining Opportunity in Passaic County, NJ

This Mediterranean seafood restaurant, renowned for its unique fish-market-style experience, allows patrons to personally select fresh seafood from an open display for cooking. The establishment features a spacious, fully-equipped kitchen and a seafood display central to customer interaction. Seller’s Discretionary Earnings (SDE) stand at $152,146, with total monthly rent for the restaurant and kitchen set at $8,500. The owner sub-leases part of the storage for $1,000/month, effectively reducing net rent to $7,500/month. For buyers not needing the extra storage, the restaurant and kitchen can be rented for about $5,000/month. The current kitchen team, including the chef, will remain after the sale, while front-of-house staffing includes one server during weekdays and two on weekends, with the owner actively involved in operations. There is significant growth potential, including the immediate addition of BYOB services and activation of an unused hookah license. Adjusting seafood pricing to a per-pound model can also enhance profit margins. The owner is selling to pursue a new venture and seeks a buyer to further develop the restaurant's success. A signed confidentiality agreement is necessary for location details.