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Business For Sale
COZY BAR & LOUNGE WITH ENTERTAINMENT APPROVAL
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Asking Price: |
$Not Disclosed
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Bars, Clubs, Nightspots
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Reason for Selling:
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Retirement |
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Year Established:
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1965 |
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# of Employees:
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6 |
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Yearly Cash Flow:
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$125,000 |
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Yearly Gross Income:
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$360,000 |
Business for Sale Overview:
A cozy Bar & Grill with the Real estate property included is offered in Middlesex County, New Jersey. This long established, well known neighborhood Tavern is a local establishment providing pub food and drinks . The facility consists of a full kitchen, a large parking lot and two rental units above which provide additional income. The facility has a large indoor capacity and is approved for live entertainment. The business generates 90% of liquor sales and 10% of food sales with a solid net income to the owners year after year. The current owners are retiring and will provide financing to a qualified buyer. This opportunity is very unusual due to the combination of owner and bank financing offered. Please call for additional information.
Property Features and Assets:
Business facility consists of 1,800 square feet with an indoor capacity for 125 customers and a large private parking lot. A valuable liquor license and the real estate property are included in the sale. The business has a large basement for storage and the second floor with two rental units for additional income. The real estate purchase is available through our real estate division.
Market Competition and Expansion:
No other competitors exist in the general area. The area has a substantial amount of development such as newly built condos and townhouses which will aid in the traffic to the business. Additionally, with improved management and updated advertising the business will experience a solid improvement.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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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