Seller's Contact Information
- RE: Popular Tavern & Live Entertainment
- Contact: Ron Cervelli
Quick Facts
| Asking Price: | $225,000 | |
| Annual Revenue: | $438,000 | |
| Net Profit: | $55 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 175,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 5 | |
| BBN Listing #: | 76533909 | |
| Broker Reference #: | BAR855 |
Business Overview:
Ultra-modern fully remolded, 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 business has been priced at $235,000 which is based on a multiple of the net yearly income, with consideration to the particular business assets. Also, 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.
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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 1,750 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:
Absentee owner
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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