Owner Financing is Available!
Business Overview:
Highly successful restaurant lounge in an ultra modern fully remodeled hotel chain in Northern NJ. The landlord is leasing the facility which includes the liquor license at a reduced rent with key funds. The business is located on a major state highway with a huge volume of businesses and professionals who require this food service. This popular restaurant which is presently closed offered a quality range food menu, drinks and live entertainment including room service and breakfast. The business can accommodate 200 patrons plus an outside renovated patio & bar with a capacity for ninety patrons. The sale includes a turnkey restaurant, NJ state consumption liquor license, various refrigeration units, POS computer system, full kitchen, large volume of equipment, chairs, tables, numerous displays, etc, representing a substantial value. The business has an indoor seating capacity for 200 customers and is part of a 25,000 sq.
ft. hotel building with direct access to the hotel lobby. This sale includes substantial private parking is part of the lease agreement and on site. The business remains closed and operated seven days weekly from 11:00 am - 3:00 am. The sale includes the use of a Consumption Liquor License and entertainment approval. A 15 year lease is offered with a first years monthly rent of $4,500. The business enjoyed an excellent repeat client base, as well as business from a large number of guests occupying the hotel. This was considered to be one of the best restaurants / lounge clubs in Northern New Jersey that must be seen to fully appreciate.
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:
The 6,000 sq. ft. facility has a private free standing entrance and direct access from the hotel lobby. The facility has a large wood burring fire place, a huge bar and lots of seating. The business also has an external patio with a capacity for ninety customers which is approved for outside drinking and smoking. The facility also has a dance floor, DJ box and high capacity commercial kitchen.
Market Competition and Expansion:
Limited competition no other hotel restaurants with liquor are located in this general area. The business has had many years of success and with a marketing plan and new venue this business will again develop into a highly successful restaurant & lounge.
Reason for Selling:
The lease expired with the previous tenant.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: