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4 Route 303, Tappan, NY 10983

SC
NY 10401202970, NJ 0340510 (+1)
RE/MAX Fortune Properties
Listed by RE/MAX Fortune Properties
$2,800,000
25 days on market
Updated 24 days ago

4 Route 303

Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Business and Building
Square Footage 2,500
Class B
Acreage 0.490
Ground Lease No
Sale Condition N/A

About This Property

Marketing description

Well-Known Korean BBQ Restaurant for Sale – Northern New Jersey/Rockland County New York A highly reputable Korean BBQ restaurant is now available for sale. The current owner has successfully operated this family-run business for the past 23 years and is now planning to retire. The restaurant is ideally located in Northern New Jersey, with close proximity to Upstate New York. It enjoys a strong and diverse customer base, attracting not only the local Korean community but also a high volume of general and international clientele. This prime location benefits from steady traffic, particularly from visitors returning from popular recreational destinations in Upstate New York, including golf courses, camping sites, fishing areas, and ski resorts. The surrounding area continues to grow, with a new supermarket opening nearby and additional popular dining options, including a Korean-Chinese (Jajangmyeon) restaurant, contributing to a vibrant and expanding commercial district. There is significant upside potential. With some upgrades and refreshed management, the business can achieve even higher revenue. Four purchase options are available: Building and Business Package: $2,800,000 Building Only: $2,150,000 with lease back tenant (6.70% cap) Business Only : $650,000 with $12,000/month + property tax (NNN) Further details are available upon request.

Investment highlights

Well-Known Korean BBQ Restaurant for Sale – Northern New Jersey/Rockland County New York A highly reputable Korean BBQ restaurant is now available for sale. The current owner has successfully operated this family-run business for the past 23 years and is now planning to retire. The restaurant is ideally located in Northern New Jersey, with close proximity to Upstate New York. It enjoys a strong and diverse customer base, attracting not only the local Korean community but also a high volume of general and international clientele. This prime location benefits from steady traffic, particularly from visitors returning from popular recreational destinations in Upstate New York, including golf courses, camping sites, fishing areas, and ski resorts. The surrounding area continues to grow, with a new supermarket opening nearby and additional popular dining options, including a Korean-Chinese (Jajangmyeon) restaurant, contributing to a vibrant and expanding commercial district. There is significant upside potential. With some upgrades and refreshed management, the business can achieve even higher revenue. Four purchase options are available: Building and Business Package: $2,800,000 Building Only: $2,150,000 with lease back tenant (6.70% cap) Business Only : $650,000 with $12,000/month + property tax (NNN) Further details are available upon request.

Listing Contacts

SC
NY 10401202970, NJ 0340510 (+1)
RE/MAX Fortune Properties
Listed by RE/MAX Fortune Properties

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Additional Information

Name
Shin (Sam) Chung
License
10401202970
Brokerage
PMPA
Brokerage Phone
2014031777
Title
Sales Rep.
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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