Listing ID: 73052

Business Overview

This fish-market-style Mediterranean seafood restaurant has built a loyal following in Passaic County with a concept that sets it apart: guests select their own fish and seafood from an open display cooler before it’s cooked to order. The space includes a large, fully-equipped kitchen and a market-style seafood case that’s central to the guest experience.

2025 Financials

Total Revenue: $1,130,782

Seller’s Discretionary Earnings (SDE): $152,146

OccupancyTotal monthly rent for the restaurant, kitchen, and additional storage space is $8,500. The current owner sub-leases a portion of that storage for $1,000/month, bringing effective net rent down to $7,500/month. For a buyer who doesn’t need the extra storage, the restaurant and kitchen alone are available for approximately $5,000/month.

Team in PlaceThe kitchen staff, including the chef, are staying on post-sale. Front-of-house includes one server on weekdays and two on weekends, with the current owner actively involved across the host stand, bussing, and kitchen support.

Growth Potential This business comes with real, untapped upside that doesn’t require any additional build-out:

BYOB is not currently offered and can be added immediately

An existing hookah license is unused and ready to be activated — a high-margin add-on

Seafood is currently priced flat per fish rather than by weight; shifting to per-pound pricing (as is standard at comparable fish-market-style concepts) offers a direct path to improved margins

Reason for Sale Ownership is pursuing a new business interest in a different industry and is looking to hand the restaurant to an owner who will continue to build on its success.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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Financial

  • Asking Price: $300,000
  • Cash Flow: $152,146
  • Gross Revenue: $1,130,782
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

 Ownership is pursuing a new business interest in a different industry and is looking to hand the restaurant to an owner who will continue to build on its success.