Local Tavern with rental income.

Not Disclosed, NJ
Morris County

Morris County

Asking Price: Annual Revenue:
$699,000 $243,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Local Tavern with rental income. Broker: Robert Petrin, Jr.
Owner Financing is Available!
seller will hold note with 30% deposit

Quick Facts

Asking Price: $699,000
Annual Revenue: $243,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 118845063
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This local bar has been in the family for decades and is ready for a new owner with vision.

With 90% liquor sales currently, just by adding food, this investment has a lot of growth potential.

There are 2 rental apartments with separate access to generate an income stream and the house next door may be available (separate package deal).

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Property Features and Assets:

1,800 sq. ft. 1st floor tavern space and 1,200 sf 2nd floor rental apartments with separate access On .5 acre lot with 22 parking spaces on busy county road.

Market Competition and Expansion:

There is not much competition in the area. Current sales 90% liquor sales with package goods and only 10% food - just by adding a larger menu there is a large potential for growth.

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.

Relevant Links:

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