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Business For Sale

Modern Lounge

Union County, NJ

Food & Beverage: Bars, Clubs, Nightspots

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$350,000
$424,000
Not Disclosed
$90,000
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
$270,000
Not Disclosed
1965
5
1653909
Owner Financing is Available!
Seller financing is available to qualified buyers.

Business Overview:

Popular Bar Restaurant located in an active urban area of Union County, NJ. This bar lounge has existed for many years with substantial success to the various owners. This 2,600 sq. ft. facility has been designed for a large customer capacity consisting of a modern bar and separate seating areas. The sale includes a valuable consumption liquor license, commercial kitchen, POS system, sound / lighting system and various equipment required for this industry. The facility has a legal capacity for 123 customers consisting of 2,600 sq ft; however the business has frequently had 200 customers. The business has some private parking on the site and substantial municipal parking. The business is presently operational five days weekly, Tuesday - Saturday with hours from 4:00 am to 2:00 pm. The business has a Consumption Liquor License and municipal entertainment approval. The business has a long term commercial lease with a monthly rent of $4,895. The business has a full staff of experienced employees, unaware of the pending sale and expected to remain post closing. The business is very attractive and fully modernized with state of the art lighting and sound systems. This business is approved for live entertainment and is well known for its music and night life. The facility has a full commercial kitchen with a capacity for high volume production. This is a solid business opportunity with substantial growth potential to the new owner.

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:

No other similar Bar Restaurants are in this particular area and the seller will supply a non compete agreement to the new operator.

Reason for Selling:

Partner separation.

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: