Owner Financing is Available!
Business Overview:
Solid opportunity to own this successful Lounge restaurant
with real estate in Northern NJ, Passaic County. The present
owner is retiring after many successful years in the industry
and will supply owner financing to a qualified buyer. The
business is located in Northern New Jersey Passaic County,
in the city of West Milford. The location is close to Route
287, Highway 23 and numerous highly traffic county roads
with convenient access from anywhere in the area. This
one acre site consists of a free standing 2,000 square foot
structure with a clean attractive appearance. The sale
includes a NJ issued consumption liquor license, full
commercial kitchen, POS system, refrigeration and freezers
and various equipment necessary for this industry. The
building has a legal capacity for 105 customers, 2,000 square feet,
on one main floor. Substantial private parking is available on
the site and part of the sale. The business is active seven
day operation 11:30 am to 2:00 am. The business has a NJ
State consumption liquor license & approval for live
entertainment. The seller is retiring from the industry and will
supply a five year five mile agreement. The business has a
full staff, bar maids; cooks, etc, who expect to remain post
closing. The business has full entertainment approval and the
sale includes a state issued consumption liquor license. The
real estate has a value of $300,000, liquor license value is
$75,000 and the price has been based on the asset value.
This is a wonderful opportunity priced for sale and a must to
see to appreciate.
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 is on one acre and consists of 2,000 square feet with a clean modern appearance. The business has a full bar with a seating capacity for ten customers and the facility has a legal capacity for 105 patrons. The facility has a full commercial kitchen multiple lavatories, a full basement and lots of storage.
Market Competition and Expansion:
No other Pub restaurants competitive are located nearby to this business. With onsite management and an improved marketing plan the business can be substantially improve with a greater income to the new owner.
Reason for Selling:
The seller will remain post closing and will suppl
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: