Recently renovated bar & lounge with rental income

Not Disclosed, NJ
Union County

Asking Price: Annual Revenue:
$1,200,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Recently renovated bar & lounge with rental income Broker: Robert Petrin jr
Owner Financing is Available!
To be negotiated with qualified buyer.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $500,000
Year Established: 1980
Employees: Not Disclosed
BBN Listing #: 986745063
Broker Reference #: 10

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Business Overview:

This business is currently doing very little food sales, any good food concept would thrive in this transforming town with a growing restaurant scene.

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Property Features and Assets:

Recently renovated 7,000 square feet building, with 380 fire code capacity, event rooms for private parties, 3 bars, 2 large apartments with $88,000 per year income. with unlimited parking.

Market Competition and Expansion:

The downtown is experiencing a redevelopment with new residential high rises, direct train line to NYC. And the Union County PAC nearby.

Reason for Selling:


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.

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