2 Route 46
Retail | 2,422 SqFt
Marketing description
Property Description
Churrascaria Paladar is an established and highly successful Brazilian Rodizio Steakhouse offering a turnkey opportunity with liquor license included - a rare opportunity for new ownership.
The restaurant sits on a 2.45-acre riverfront parcel along busy Route 46 in Mount Olive (Hackettstown), Morris County, NJ. Known for its authentic flavors, table-side service, and inviting riverfront setting, the restaurant has built a loyal customer base and strong reputation in the community.
This turnkey operation includes a fully equipped kitchen, two outdoor patios plus the Rio Room, and a beautifully designed dining area overlooking the river. With its unique grandfathered riverfront layout and thriving brand recognition, this is an exceptional chance to acquire a proven, destination-style restaurant.
Location Description
Located along the highly traveled Route 46 corridor at the border of Hackettstown and Mount Olive, this property benefits from exceptional visibility and accessibility. The site is just minutes from major highways including I-80, US-206, and NJ-10, providing convenient regional connectivity. Mount Olive is a growing Morris County community with a strong retail presence, established neighborhoods, and consistent consumer traffic. Surrounded by national and local retailers, restaurants, and service businesses, this location is well-positioned to capture both daily commuter and local customer demand.
Investment highlights
Highlights
Valuable liquor license: a rare asset in New Jersey - provides immediate ability to serve wine, beer, and cocktails creating a turnkey transition without lengthy approval delays. Full bar adds high-margin potential and enhances the dining experience.
Well established family-owned business with turnkey operation - equipment/fixtures included
Highly successful with a loyal customer base with strong and consistent weekend demand
Prime Riverfront location: ±2.45 acres of flat, improved land. The Rio Room offers panoramic river views. The main dining area seats up to 90 guests, and the two outdoor patios create a standout dining atmosphere with seating for up to 22 guests.
Onsite surface parking with abundant capacity for both daily dining and special events. Plenty of convenient parking ensures smooth guest flow and supports large parties, catering, and event business
Excellent frontage, visibility, and signage opportunities along Route 46 with 23,192 vehicles per day along U.S. Hwy 46 and East Ave as well as 12.544 vehicles per day at Mill St. and Cross St.
Minutes from major highways including I-80, US-206, and NJ-10
Prime highway frontage and riverfront setting support expansion into regional destination dining
Significant upside potential through expanded hours, catering, and delivery services
Untapped growth opportunities in event hosting and patio utilization possible
Zoned R-2 with grandfathered nonconforming coverage allows for patio/outdoor seating
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