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Tavern & Live Entertainment
GARFIELD, NJ
BERGEN County
Active commercial avenue
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| Asking Price: | Annual Revenue: |
| $325,000 | $600,000 |
Food & Beverage: Bars, Clubs, Nightspots
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RE: Tavern & Live Entertainment
Contact: Customer Service
Owner Financing is Available!
SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | $90 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 165,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 9 | |
| BBN Listing #: | 86423909 | |
| Broker Reference #: | BAR853 |
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Business Overview:
Highly successful Bergen County tavern restaurant which includes a valuable consumption liquor license and live entertainment. This restaurant has recently been fully upgraded which includes new kitchen and rest rooms. The business projects a yearly gross income of $600,000 and a substantial net income to the owner operator. The interior has a warm, rustic, welcoming atmosphere and outside dining is offered with a fully covered Patio & Porch, ensuring no weather issues. A family-friendly atmosphere for lunch and dinner, evolving into a lively late dinner scene with cocktails, deep wine list, and a rotating beer tap system. This tavern serves hearty American and Italian classics, including beautiful wood-fired pizzas. The business is a local family owned & operated. This is a dependable safe business opportunity and based on the asking price, this business expects to supply a consistent return on investment to the owner operator. The 2021 yearly gross income is projected at $539,656, and the business expects to have a yearly net income of approximately $7,000 monthly based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. A formal due diligence is recommended buy broker.
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Property Features and Assets:
This business opportunity is in northern New Jersey, Bergen County on a highly active county road near to various state highways. This facility consists of approximately 1,850 square feet with an ultra-modern, attractive, and professional appearance. The business has a capacity of approximately one hundred clients and has a large exterior tent which offers outside seating and consist of a free-standing facility conveniently located for its various customers.
Market Competition and Expansion:
Regarding competition, 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.
Reason for Selling:
Owner retiring
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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