Owner Financing is Available!
Business Overview:
A beautiful popular Bar Grill Restaurant with Live entertainment in Monmouth County, New Jersey. The business has been fully upgraded and modernized, is well known as a popular Lounge with good drinks food and excellent service. The facility is 2,100 square feet and has a clean ultra modern appearance and located on an active county road. The business has a gross income of $700,000 representing 75% liquor and 25% food with a consistent net income of $115,000. The sale includes a valuable liquor license, all equipment and a long term lease agreement at a moderate rent. The assets included in the sale is a valuable
Consumption Liquor License with a value of $250,000, fully
rehabbed bar, modern commercial kitchen, refrigeration, point of sale computer system, numerous displays, etc. The building has a legal capacity for 112 customers consisting of 2,100 square feet. Ample municipal parking is available and at this location. The business is active seven days per week, hours 4:30 am to 2 pm. The business has a New Jersey State issued Consumption liquor license. The sale includes a fifteen year lease term with a yearly rent of $57,000 or seller will sell the real estate to a motivated buyer. This is a real opportunity, seller will finance part of the transaction or sell the real estate.
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 facility which is a free standing structure consists of 2,100 square feet with a 112 customer capacity. The business has large bar with a seating capacity for twenty, a large commercial kitchen and clean modern toilet facilities.
Market Competition and Expansion:
No other similar competitors exist in this general area and due to the non availability of any new liquor licenses, no new competitors are expected. The owner is owner is presently absentee and with on site management and an improved marketing plan the business can be further developed.
Reason for Selling:
Alternate business our of the general area.
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.