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Corner Property Bar w/ Separate Dining Area
| Asking Price: | $350,000 | Inventory: | $3,500 ** |
| Gross Revenue: | $490,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $175,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
A popular Bar/ Tavern & Restaurant located in a high traffic, corner road and busy intersection of Warren County, New Jersey. The facility is freestanding and was recently renovated to include a modern, high capacity kitchen and lounge area. The business is a combination Bar Restaurant with a Bar on one side and a separate area for restaurant dining. The business offers a full menu with a vast array of food and drinks and recently introduced nightly musical entertainment. This business is well known and frequented by locals in the surrounding communities and produces annual sales over $475,000 annually. Although the present asking price is only for the business and liquor license assets, the owner would like to retire out of the industry and is prepared to sell the entire package including the real estate property. This is a great opportunity to own a well established food and liquor business.
About the Business
Year Established:1955
Employees:5 full time -
Facilities:The facility is on a free standing building and was recently upgraded. The business consists of 2,400 square feet with a restaurant seating area for 85 people, a lounge area, a modern bar, a full basement and private parking onsite. The seller will offer 10 year lease terms with a monthly rent of approximately $3,000. The seller will also provide an option on the purchase of the real estate property; which can also include an adjacent multifamily residential home. The real estate purchase is available through our real estate division.
Market Outlook and Competition:No similar competitors exist in this specific area. With an updated marketing plan this business can be further developed.
About the Sale
Management Training and Support:Seller will provide a complete due diligence review period. Sale is subject to the successful transfer and approval of the liquor license.
Reason For Selling:Relocating out of the immediate area
Seller Financing:Yes, seller financing is available
Sell Your Business | This listing has been viewed 53 times
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Current Search
State: New Jersey
County: Warren Last Viewed: Famous Neighborhood Bar and Restaurant
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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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