Sports Bar Restaurant Lake View

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$175,000 $65,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Sports Bar Restaurant Lake View Broker: Ron Cervelli
Owner Financing is Available!
To be Determined.

Quick Facts

Asking Price: $175,000
Annual Revenue: $65,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $220,000
Real Estate: Not Disclosed
Year Established: 1974
Employees: Not Disclosed
BBN Listing #: 3183909
Broker Reference #: REST703

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Business Overview:

One of a kind location Lake side views for this attractive Restaurant Lounge on a beautiful Lake with attractive water views located in a prime area of Northern New Jersey. This business is located in an affluent community of Passaic County and conveniently near Route 23, highway 80 & 46. This sale has an option, to purchase the property and the availability of owner financing. The sale would include a valuable consumption liquor license. The facility consists of 4,200 square feet, two floors, full basement and a huge bar area. The location consists of lake front property permitting direct access to the water from the restaurant facility. The location also has exclusive water rights at lake side. The facility has modern bathrooms and an updated commercial kitchen. This is a most unusual location due to the lake side property and valuable liquor license. Based on the asking price, required down payment and yearly net income, this business expect to supply a substantial return on investment to the owner operator. The restaurant is located in an affluent North Jersey community of Passaic County consisting of valuable a lake front property. The facility consists of 4,200 square feet, with a seating capacity for one hundred and thirty-five customers. The first floor has a full restaurant section and a huge separate Lounge area. The second floor is used for private parties and catering with a capacity for approximately fifty patrons. The business fixed assets & improvement has an estimated value of approximately $220,000 which is based on the replacement cost of the original buildout, various licenses and approvals, tangible & nontangible, in addition to the multiple of the existing net yearly income. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, use of a consumption liquor license, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, modern lavatories, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business presently has a full staff of employees who are unaware of the pending sale and expected to remain post-closing. The building has a legal capacity for approximately one hundred and fifty-five customers representing two floors and a basement for prep and storage. The business location has adequate private and municipal parking at this facility. The Restaurant is active six days per week, closed Monday, with hours from 4:30 pm to 2:00 am, additional hours for private catering.
This business opportunity has a NJ State consumption liquor license and entertainment approval. The sale will include a commercial lease which expires 2029-01-01 with a monthly rent of $5,000 triple net and rent security $10,000, option to purchase the real estate. This business facility has all public utilities which include water, gas, electric, sewerage. The owners were real estate investors, absentee group not involved with the day to day business operation. The business is presently leased and requires a site ownership and an improved marketing system to develop this retail operation. Training cannot be supplied by the present owner due to their absenteeism. Regarding competition, no other restaurants are in this general area and due to the valuable liquor license and lake side views there are no other similar competitors. The present owners represent a real estate investment group and are separating their partnership. This restaurant pub business had gross yearly sales of $650,000 with a consistent net yearly income to the owner operator. The business has been valued / priced at $175,000 which is based on thevalue of the business assets.
Routinely the company has approximately $2,000 of marketable wholesale inventory and the purchaser will be responsible for that cost at time of closing, based on wholesale value. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

The restaurant is located in an affluent North Jersey community of Passaic County consisting of valuable a lake front property. The facility consists of 4,200 square feet, with a seating capacity for one hundred and thirty-five customers. The first floor has a full restaurant section and a huge separate Lounge area. The second floor is used for private parties and catering with a capacity for approximately fifty patrons.

Market Competition and Expansion:

Regarding competition, no other restaurants are in this general area and due to the valuable liquor license and lake side views there are no other similar competitors.

Reason for Selling:

The present owners are seperating.

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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