Owner Financing is Available!
Business Overview:
A successful Restaurant Bar/ Lounge offered with the real estate property and located just off a busy highway in Passaic County, New Jersey. This attractive facility was revamped and modernized just 3 years ago and boasts a fabulous d cor to provide a fine dining experience with musical entertainment. This business consists of a free standing building with two floors and a legal capacity for 150 customers. The facility includes a large bar on the ground level floor which hosts live music and entertainment, a commercial kitchen, modern lavatories and a private parking lot. The business is conveniently located near several major NJ highway outlets. The business produces $550,000 annual sale with a substantial net income for the present owner. The sale includes the business assets, liquor license and real estate property, which is available through our real estate division. This business location has existed for many years with various venues. Due to its centralized location; it has the capacity to continue to develop profitably for many years more. This is a solid opportunity and should be viewed to be fully appreciated.
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:
Located on a state parkway with a high traffic volume and in an active commercial area. The facility consists 2 floors with 2,750 square feet on every floor. The first floor is the Bar/Lounge Restaurant with a full kitchen and the ground floor is the Night Club which offers live entertainment. The building has a legal capacity for 150 customers and a private parking lot is part of the sale. The seller has elected to market the business and real estate property as a package sale. The real estate purchase is available through our real estate division.
Market Competition and Expansion:
Due to the highway location and approval for live entertainment, no other competitors exist in the particular area of the business. This is a most unusual opportunity due to the highway location, modern facility and approval for live entertainment. The new operator can further develop the business into multiple venues.
Reason for Selling:
Seller has an alternative business/ Wants to reduce
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.