Owner Financing is Available!
Business Overview:
Impressive, highly popular Restaurant Lounge located in a prime upscale community of Camden County, New Jersey. The facility is located on a high traffic county road with easy access to major highways and outlets. The facility boasts an outstanding 14,000 sq. ft., with a huge indoor seating capacity, an unusual commercial kitchen and multiple plasma TVs for sports viewing. The facility is free standing with a modern, attractive image and provides its patrons a fun festive atmosphere. The business is approved for live entertainment and due to its size can be easily altered into any venue possible. The facility interior has been upgraded over the past few years with additional sections including an outdoor patio for dining and TV viewing. The facility includes a large parking lot for 150 vehicles which can be substantially increased with valet parking. The business is presently used as a very popular Steak House Restaurant Bar with a weekly Sunday Brunch. However, with an alteration into a Night Club/ Restaurant, the transition would be minimal due to the present design and layout. The business is fully equipped with a commercial kitchen, 22 plasma TVs, walk in boxes, numerous displays, POS computer system, sound system, phone
system, etc.The building has a legal capacity 375 customers on one main floor with a full basement. Approximately two hundred private parking spaces is part of the lease agreement. The business is active seven days per week, Monday to Thursday 3:00 pm to 11:00 pm weekends to 2:00 am. The business has a valuable consumption Liquor license and entertainment license. The sale includes a new 15 year lease with a monthly rent of approximately $12,000-triple net. The seller will also provide an option for purchase of the real estate. This is a solid business opportunity with great potential for further growth which must be seen to be fully appreciated!
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.
Market Competition and Expansion:
Due to the size and location of the facility and wonderful menu no other competitors exist in the general area. Also seller will supply a non compete agreement to the purchaser.
Reason for Selling:
Alternative business obligations.
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: