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Bar/ Night Club with Live Entertainment & Real Estate
| Asking Price: | $725,000 | Inventory: | $3,500 ** |
| Gross Revenue: | $425,000 | Real Estate: | n/a |
| Cash Flow: | $115,000 | FF&E: | $265,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
A Bar & Night Club offered with the real estate property and located in a prime area of Passaic County, New Jersey. This facility has existed for 50 years and consists of a first floor sit down Restaurant and a second floor Banquet and Lounge area. The Business is very popular with the nearby communities and often provides live entertainment with Dance Nights with live band performances. The owner has elected to retire out of the industry and will train a new owner. This opportunity includes a full Liquor License with an estimated value of $150,000. An excellent opportunity to own a well known and established business!
About the Business
Year Established:1958
Employees:10 full time -
Facilities:Facility consists of 6,800 square feet with an indoor seating capacity for 254 customers. The seller has elected to market the business with the real estate property included. The real estate purchase is available through our real estate division. A valuable liquor license is included in the sale.
Market Outlook and Competition:No similar competitors exist in this particular area. With a new marketing and advertising plan this business can be substantially improved for a greater income.
About the Sale
Management Training and Support:Seller will provide a full due diligence and transitional period. Subject to the successful transfer and approval of the liquor license.
Reason For Selling:Retirement
Seller Financing:Financing is available for a qualified purchaser
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Current Search
State: New Jersey
County: Passaic Next Listing: Liquor Store
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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