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Business For Sale

Lounge, Bar, Broad C Liquor License

Not Disclosed, NJ

Food & Beverage: Bars, Clubs, Nightspots

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$795,000
Not Disclosed
Not Disclosed
$101,500
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1969
1
45192979

Business Overview:

Broad C liquor license grand fathered into a going lounge in Union County. Everything in place in this facility to take it to next level. Something present owner can not do as he needs corrective surgery from serious auto accident. Entire building 2 floors – 2,000 square feet lounge first floor, 2nd floor 7 rooms, 1 bath, 2,000 square feet apartment paying $2,000 monthly rent. 2,000 square feet basement. Parking in rear for 11 cars plus plenty of street parking. Broad C license value close to $200,000 building valued at $600,000, equipment in lounge $220,000 pick up everything for $850,000. This lounge can go any direction owner wishes to take it liquor store, lounge, pub with extensive menu. Everything within here to take it many directions. Lounge has 40 seats bar fire capacity for 90: Has 2 real fire places full kitchen, grill fryer and $6,000 espresso maker behind bar. Full AMP location systems, lighting DJ booth multitude of TV’s, games machines, Juke box all in new and Top condition – at present owner has entertainment one or two nights a week – band and DJ collect money at the door. This can easily be expanded for every evening – food menu can be added and away this place will go. All equipment here to bring weekly income to well over $72,000 – week has the clientele who can easily bring in their friends to increase volume. Place is extremely near and has all equipment in place for right owner to take place over and bring it to the next level.

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.

Market Competition and Expansion:

Competition: Since this bar is green fathered in – residential area – there is no true competition broad C license. Expansion: This set up is all set up to go to the next level sports bar/lounge with entertainment/kitchen with mixed and deep menu.

Reason for Selling:

Owner has to undergo corrective surgery

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: