Seller's Contact Information
- RE: Bar & Grille Live Entertainment
- Contact: Customer Service
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $349,800 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $100,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1975 | |
| Employees: | 3 | |
| BBN Listing #: | 71593909 | |
| Broker Reference #: | BAR850 |
Business Overview:
Solid opportunity to own this attractive profitable bar/restaurant in Northern New Jersey, Morris County with owner financing. This operation has been fully remolded with a full kitchen, modern bar, various accessories, and restrooms. The bar seats twenty customers with additional private seating and a capacity for eighty-five plus. The operation has package goods approval which represents a percentage of the gross sales. The business continues to supply a consistent income to the owner operator and can be further developed with an improved marketing plan. This is a dependable safe business opportunity. For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase in addition to the standard required municipal licenses.
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Property Features and Assets:
This business opportunity represents a successful bar/restaurant in an active commercial mall with many other businesses and daily shoppers. This retail facility which consists of approximately 1,950 square feet have a modern attractive appearance. The business is in a mid-size commercial mall and this opportunity is in Northern New Jersey, Morris County, which consists of various highly populated communities with continued demand for this particular service. This business has been fully upgraded which includes a modern kitchen, heating, updated bar, and air conditioning unit.
Market Competition and Expansion:
To the best of our knowledge, due to the limited liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Relocating to an alternative business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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