Business For Sale

Popular Restaurant/Bar

Not Disclosed, NJ
Bergen County


Asking Price: Annual Revenue:
$125,000 $448,459

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Popular Restaurant/Bar Broker: Ron Cervelli
Owner Financing is Available!
May be considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $125,000
Annual Revenue: $448,459
Net Profit: Not Disclosed
Cash Flow: $79,820
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 4
BBN Listing #: 35533909
Broker Reference #: REST641

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Business Overview:

Popular restaurant lounge minutes from the New Jersey Giant Stadium located in southern Bergen County which offers an exceptional service to its many customers. The business presently functions as a successful restaurant; however, it has entertainment approval and can be fully converted to a tavern with a sports theme. The business is conveniently near to the Lincoln tunnel, NJ Turnpike and Teterboro airport. The consumption liquor license is very limited in that area has a substantial value and cannot be easily replaced. The business also offers live jazz Wednesday thru Saturday which can be expanded. This industry does require government licensing approval to purchase or operate due to the New Jersey issued consumption liquor license. This company has four full/part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $6,800. The business has an assignable commercial lease which expires 2025-01-01, plus additional options, with a monthly rent of $3,850, cost per square foot is estimated at $29.50 and rent security of approximately $4,000. The business fixed assets has an estimated value of approximately $145,000 which is based on equipment and licensing replacement cost. This successful bar restaurant business operation is active six days per week, closed Sunday, with hours from 12:00 pm to 10:00 pm. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The business facility which consist of approximately 1,690 square feet, has an attractive pleasant appearance and can be altered to more of a pub / tavern. The business is located on an active commercial avenue near to State Highway Route 17 and is also near to various successful retail companies. This opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge, 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. The business presently has a limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

The sale is due to the owner’s involvement in an another business.

Additional Details:

  • The property is leased.
  • 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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