Seller's Contact Information
- RE: MODERN BAR 159,900
- Contact: VICTORIA GARCIA
Quick Facts
Asking Price: | $159,900 | |
Annual Revenue: | $425,000 | |
Net Profit: | $85 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | 140,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1984 | |
Employees: | 3 | |
BBN Listing #: | 39183909 | |
Broker Reference #: | BAR843 |
Business Overview:
Excellent opportunity to own a popular Pub Restaurant in Essex County, NJ. The business has been priced very aggressively based on the value of the liquor license and equipment. This quaint popular Sports Bar with real estate option is in Northern NJ. This Pub has existed for many years as a successful Bar Lounge and Restaurant with live entertainment approval. This free-standing structure is modern with an attractive image which has been fully upgraded during the past few years. The business is located on a convenient road close to various highways minutes from the Garden State Highway. The business has a large bar with a seating capacity for 25 customers and additional private seating for fifty. The sale includes a modern commercial kitchen and a full basement with lots of storage. The sales consist of a valuable liquor license free and clear of any debts. The business can be sold separately with an option to purchase the real estate.
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Property Features and Assets:
Located in Essex County and in an active urban community with continued demand for this food, drink, and service. This Pub has been in business for the past fifty years with a wonderful history of success. The facility which is free standing and has been fully upgraded over the past few years and consists of 1,800 square feet with a seating capacity for 65 customers. The business has separate areas, including a full bar, a large professional kitchen, and a full basement.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, due to limited consumption 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:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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