Owner Financing is Available!
Business Overview:
A trendy club Restaurant Lounge located in a highly active urban area of Northern New Jersey. This business is presently closed and the reduced price reflects the value of the liquor license. This is a turnkey operation and fully equipped with multiply bars, kitchen, etc with a estimated equipment value of $250,000. This business has existed for twenty years as a successful upscale Restaurant Lounge with exquisite cuisine and music. This is a multi three level facility with a comfortable lounge atmosphere which has been renovated over the past few years ago with an elegant decor and design. The business is conveniently located in a commercial mall and is easily accessible from various state
highways. This business has had a substantial annual income and provided a consistent profit for any owner. The business is presently closed which reflects the reduced selling price. The business has an indoor capacity for 225 customers consisting of multiple levels. Private mall parking for approximately 375 vehicles is available and on-site. Previous hours was Tuesday through Sunday, hours from 6 pm to 2 am. A valuable liquor license is included in the sale and a municipal certificate of occupancy to conduct entertainment. New 10 year commercial lease with a renal based on fair market value. The tenant would be responsible for all utilities cost at the facility. The sale includes a valuable liquor license and a turnkey operation including Walk in freezers, full kitchen, etc. This is a definite must see location and one of Northern New Jersey s popular night life venues!
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 three separate levels, 3,200 square feet with various bars, lots of private seating areas, a full kitchen and an attractive dance floor. The facility is modern, good condition and requires minimal decorating for the new operator. Located in a busy, commercial mall and urban area in Essex County Northern, New Jersey, near many highways for easy access. This is a densely highly populated area with a huge population of residents who frequent night life activities.
Market Competition and Expansion:
Due to the specialized space, liquor license, entertainment no other competitor are in this area. With an appropriate marketing plan this Lounge can be again substantial developed back to a highly successful operation.
Reason for Selling:
Corporate sale.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.