Owner Financing is Available!
Business Overview:
A flourishing and highly successful restaurant Lounge located
in the Northern area of New Jersey & close to Paramus
Bergen County. The restaurant consists of 5,000 square feet
with modern attractive design, a separate area for catering, a
huge commercial kitchen and a large basement with prep
area. The business is in a commercial shopping area on a
highly active avenue and close to a busy commuter NY / NJ
train station. This restaurant offers excellent food and drink
and is very well know throughout the county. The facility has
various sections including a full lounge area and a seating
capacity for 185 customers. The sale consists of a valuable
liquor license free and clears of any debts and all equipment
is in excellent working condition.The sale includes a full
commercial kitchen, valuable liquor license, refrigeration, POS
computer system, numerous displays, etc with a minimum
value of $375,000. The building has a legal capacity for 185
customers consisting of 5,000 square feet. Substantial
private parking is part of the lease and available and at this
location. The business is active six days per week, (Closed
Monday), hours 11:30 am to 10:30 pm. The business has a
NJ State issued consumption liquor license & entertainment
approval. The sale includes a new fifteen year lease term,
rent to be negotiated. The business has public utilities at the
facility which is the responsibility of tenant. Over the many
years the business has had a consistently yearly gross
income of $1,000,000. The present owner is absentee and
has elected to sell at a very competitive price based on an
asset sale with owner financing. This is a most unusual
opportunity based on location, price and terms.
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 5,000 square feet with a seating capacity for 185 customers. The business has separate areas in order to accommodate private parties & different venue. The business has a full bar, a large professional kitchen and a huge basement for storage. Located in an upscale community and in a high traffic commercial area of Bergen County, New Jersey. The business is located near a very active train station with numerous other commercial businesses that service a large volume of workers / shoppers.
Market Competition and Expansion:
Due to the non availability of any new liquor licenses, entertainment approval, size and location of the facility no other competitors exists in this particular area. The owner is semi absentee and with on site management and an improved marketing plan the business can be further developed.
Reason for Selling:
owner is in the medical field, semi absentee and c
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.