Owner Financing is Available
Business for Sale Overview:
NO RENT INCREASE for first THREE YEARS on new lease. Rent $73,008 includes management agreement of premises liquor license valued at over $780,000. When this sports bar first opened up the figures constantly over $35,000 per week. Then inexperience over shadowed operation and figures dropped excessive food cost (absentee run business) high bar cost are inherent in this operation. At present, run by 3 managers each receiving salaries of over $35,000 annually. Interior of pub is first rate with 18 TV s, 5 projector screens, strobe lighting, and all sorts of electronics and amps. All equipment including the kitchen is practically new. Sports bar located at end location facing entrance to large mall with plenty of parking. Interior of facility well planned, 195 seating including large square bar seating 45. Any advertising done was directed the wrong way not showing place as a restaurant sports bar. Any buyers with a slight knowledge of this type of operation can easily bring back business. (Did over $35,000 weekly when first opened Establishment has never gone thru a football season (has NFL TV complete package). $35,000 per week during this period of year can easily be surpassed even with the inexperienced management team in place. Excessive food and liquor cost can easily be brought down. Last week business did $36,235.93 up from $32,853. Anxious owner wants to sell. For further information, please contact 908-851-9040 Ext. 285.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Almost new 4,800 square feet facility management agreement on liquor license valued at $780,000 end location in huge L shaped mall, plenty of parking – No Rent Increase For Three Years.
Market Competition and Expansion:
Competition: Only top notch sports bar themed restaurant for miles – other facilities cater to much younger crowds
Expansion: Restaurant/owner expertise at present management of this completely run absentee with high food and bar cost is managed by three managers pulling down $35,000 – salaries annually.
Reason for Selling:
Partners disagree
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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