Owner Financing is Available!
Business Overview:
A Cozy Sports Bar & Lounge with entertainment approval and located in a congested, urban area of Passaic County, New Jersey. This business location has been established for many years and is conveniently located in the center of town; near many other commercial businesses, several universities and multi-family residences. The lounge facility is cozy and includes a large dance floor, a full kitchen serving bar food until late night, several big screen TVs, pool tables and dart boards. This venue is well known for having live musical entertainment on many weekends with celebrity guests and an in-house DJ. The sale includes a consumption liquor license as well as a transferable long term lease with moderate rent payments. The business generates and maintains yearly gross sales in excess of $350,000 with a substantial net income for the present owner. The owner now wishes to relocate and has priced the business at fair market value. This is an excellent opportunity to own and operate a successful Sports Bar and Lounge in Northern New Jersey
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:
Located in a busy area in Northern New Jersey, nearby many attractions. The 2,000 square foot facility contains a long bar, a small stage area, dance floor, 9 HD big screen televisions, pool tables and bathroom facilities. The business has an indoor capacity for 120 customers. An existing lease with two additional 5 year options for continuation is available for transfer. Monthly rent payment is approximately $2,350.
Market Competition and Expansion:
No other pubs are located in this particular area.With a new website and additional marketing, this business can be further developed.
Reason for Selling:
Relocating out of area
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.
- This is not a distressed business or bankruptcy situation.