Stand Alone Bar/Rest & Property in Mercer - 31948

Not Disclosed, NJ
Mercer County


Asking Price: Annual Revenue:
$650,000 $1,535,312

Food & Beverage: Bars, Clubs, Nightspots


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RE: Stand Alone Bar/Rest & Property in Mercer - 31948 Broker: Mel Vaz

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,535,312
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: $241,172
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 20
BBN Listing #: 89574447
Broker Reference #: 31948

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Business Overview:

Stand Alone Bar/Restaurant/Liquor License & Property. BUSINESS, LIQ. LIC. AND PROPERTY MUST BE PURCHASED TOGETHER. This is a prime corner location in the middle of a very busy area. They have fantastic reviews and offer traditional American fare. In the past year the business grossed approx. $1,535,312.60 (65% bar/35% food) with a net cash flow of approx. $241,172.00 for an owner/operator. The business is fully staffed with 20 employees. The purchase price breaks down as follows, the business for $650,000, the liquor license for $350,000 and the stand alone property (with private parking lot) for $1.3 mil. THE OWNER KEEPS EXCELLENT FINANCIAL RECORDS. As such, the business will qualify for SBA financing with approximately 30% down ($690,000). We are seeking a serious and financially qualified buyer with at least $690,000 in liquid funds. PROOF OF FUNDS WILL BE REQUESTED. To learn more, please contact Mel Vaz today or email us. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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Reason for Selling:

Divesting

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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