Business Overview:
Successful popular restaurant lounge and banquet facility in a wonderful area of Middlesex County, New Jersey. The sale includes a successful restaurant business on a one acre site with an attractive and elegant image. This restaurant has a consistent gross income of $1,000,000 with substantial room for growth by instituting an improved marketing system. The liquor license which is included in the sale has a real value of $375,000 and the real estate taxes are $15,000. The restaurant has a full commercial kitchen, valuable liquor license and various equipment required for a full service restaurant business. The building has a legal capacity for 138 customers and 3,200 square feet. Adequate private parking is available and part of the sale. The business is active six days weekly, closed Sunday, offering lunch to 10 pm. The business has a valuable New Jersey State issued consumption liquor license. The facility has all public utilities, water, gas, electric, telephone at this location. The present owner has elected to retire out of the industry and will supply a full transitional period and offer financing to a qualified buyer. This is a solid opportunity for a highly profitable and successful restaurant.
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 made up of two floors and consists of 3,200 square feet and a full storage basement. This restaurant has an attractive bar and separate rooms for private parties and different venues. Located in an upscale community of Middlesex County, New Jersey with convenient access to all major highways. The particular customers that frequent this restaurant come from the various surrounding communities.
Market Competition and Expansion:
Due to the size, capacity and valuable liquor license no other similar competitors exists in this particular area. With an improved marketing plan and focus on catering the business can be further improved and developed.
Reason for Selling:
Retiring after many successful years in this industry
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: