Owner Financing is Available!
Business Overview:
Wonderful opportunity to own and operate this well known Restaurant Bar Lounge in Passaic County, NJ, near the New Jersey Giant Stadium and on a major highway. The
business is offered with an option for the real estate or as a package sale. This attractive facility was revamped and modernized four years ago and boasts a fabulous decor to
provide an excellent food experience in a casual atmosphere with live musical entertainment. This business consists of an attractive free standing building with two floors and a legal capacity for 175 customers. The facility includes a large bar on the ground level which hosts live music and entertainment, a commercial kitchen, modern lavatories and private parking. The business is conveniently located near several major NJ highway outlets. The business produces $525,000 annual sales with a consistent net income. The sale includes the business assets, liquor license and real estate option. This business has existed for many years with various venues and is well known in the industry. Parking: Adequate private parking is at the location and plenty of municipal parking is additionally available. Days/ Hours, 7 Day operation 11:00 am
to 3:00 am, shorter hours on Sunday. The business has a valuable C Class Consumption Liquor license. Due to its centralized location; it has the capacity to continue to develop profitably for many years. 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:
The facility consists of 2,950 square feet on two floors with a modern appearance. 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 business is located on a major state parkway with a high traffic volume, easy access and in an active commercial area.
Market Competition and Expansion:
No other similar competitors with live entertainment exist in the particular area of this 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 with an improved marketing plan.
Reason for Selling:
Alternate business out 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.