Restaurant Tavern Live Entertainment

Paramus, NJ
Bergen County

Active county road.

Asking Price: Annual Revenue:
Not Disclosed $2,850,000

Food & Beverage: Catering, Food Preparation

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RE: Restaurant Tavern Live Entertainment Broker: Customer Service
Owner Financing is Available!
Possible owner financing.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,850,000
Net Profit: $503,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $680,000
Real Estate: $1,800,000
Year Established: 1975
Employees: 24
BBN Listing #: 98123909
Broker Reference #: rest801

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Business Overview:

Well-known restaurant located in Northern New Jersey in the County of Bergen, conveniently near various state highways. This multi acre site with a 7,000-square foot restaurant lounge has an average gross yearly income of $2,850,000 and a substantial net income to the owner operator. One of New Jersey’s most successful restaurant taverns and has welcomed guests to enjoy its contemporary American cuisine, warm hospitality, and unparalleled service for over five decades. For many years, this restaurant has been serving a wide variety of freshly prepared food, all made to order, and their menu features the freshest, most mouth-watering ingredients. The business is open for lunch, dinner, cocktails, Sunday Brunch, private parties and off-premises catering and the restaurant also hosts live music. They offer everything from pizzas to their signature burger, mouth-watering BBQ specialties, homemade desserts & soups, wraps, steaks, salads, sea foods and so much more. The restaurant consists of various attractive rooms, and they have a capacity for private parties including a huge bar area with entertainment approval. The restaurant has seating capacity for 275 customers and is available for any type of event including buffets, or sit-down meals. The restaurant also offers catering as an additional income. This is a dependable business opportunity.

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Property Features and Assets:

This highly popular retail restaurant consists of 7,000 square feet with an attractive clean appearance. The business consists of a free-standing structure, on multi acres, just off a major New Jersey State highway. This restaurant business opportunity is in Northern New Jersey, Bergen County with highly populated communities and continued demand for this food service.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term 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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