Business Overview:
Best of the best location for these six thousand (6,000) square feet restaurant tavern in a prime area of Somerset County New Jersey. The business has an average gross yearly income of $1,350,000 which can be further developed by use of the additional available space by a new operator. The sale includes a very valuable consumption liquor license, and the selling price has been adjusted accordingly. The owner is retiring after many successful years in this industry and will finance the sale to a qualified potential buyer. This is a very usual business opportunity and based on the asking price, with future growth, this business expects to supply a consistent return on investment to the owner operator.
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Property Features and Assets:
The facility consists of approximately 6,200 square feet, two separate rooms, full commercial kitchen, lots of storage with an attractive appearance. The business is on a highly populated commercial avenue located in an affluent community with various active businesses. This opportunity is in Central New Jersey, Somerset County, which consists of highly populated affluent communities.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business due to the unavailability of liquor license. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Owner retiring
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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