Owner Financing is Available!
Business Overview:
Family Style Restaurant Lounge and Banquet business located in a wonderful area of Middlesex County, New Jersey. This very successful and well known forth year old business consists of 6,500 square feet located on two beautiful acres of property. The business has an old world attractive setting with additional outdoor seating. The restaurant facility includes a huge wooden bar, a seating capacity for forty customers and two separate additional rooms with a seating capacity for 270 patrons with various functions including in house catering. The business has
entertainment approval and over the past years has hosted well known musical groups with substantial success. The business has had a history of producing a substantial income with various venue s which can be further developed with new and on site management. One hundred plus private parking area is part of the lease agreement. Days/ Hours Of operation, Monday thru Sunday 11:00 am to 2:00 am. A valuable consumption liquor license and entertainment approval is included in this transaction. Lease Terms: The seller has elected to sell / lease the business and supply an option to purchase of the property and liquor license. The seller will provide a new long term lease with a monthly rent of $6,000 triple net. Many of the employees have been at the business for many years, require a job and expected to remain post closing. The business has a high capacity commercial kitchen, refrigeration & freezers, liquor license and various equipment required to function in this service industry. The business is sold with a long lease and an option to purchase 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 consists of seven thousand (6,500) square feet, seating capacity for 270, with a large dinning room, separate lounge bar area, private banquet room, a professional kitchen and full basement. The restaurant is on a beautiful two acre site conveniently located on a busy county road of Middlesex County, New Jersey.
Market Competition and Expansion:
No other similar competitors exist close to this particular business facility and the seller will supply a non compete agreement to the purchaser. The present owner is absentee and the business requires management, a marketing plan and internet presence.
Reason for Selling:
Retiring after many successful years.
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.
Resources: