Modern Restaurant Lounge - Asking $75,000
| Asking Price: | $75,000 | Inventory: | $5,000 ++ |
| Gross Revenue: | $250,000 | Real Estate: | n/a |
| Cash Flow: | $125,000 | FF&E: | $295,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
A modern Lounge Restaurant business located in a prime area of Essex County, New Jersey. This unique transaction represents a lease sale and the price is limited to key funds of $75,000 as an appropriate security deposit. The lease sale includes the existing business assets, use of a consumption liquor license, an ultra modern, fully equipped facility and 150 car parking. The facility is 3,300 square feet and consists of two floors including a separate room for private Banquets & Catering. The business has a large bar, a commercial kitchen, modern bathrooms and multiple entrances. The present owner is also the landlord and owns multiple businesses, therefore cannot effectively maintain this business. The business has a long history of success and is well known in this particular area. All equipment including the kitchen is in excellent condition. This is a great opportunity to own a well established combination Restaurant Lounge & Catering business.
About the Business
Year Established:1975
Employees:4 full time -
Facilities:The facility is absolutely stunning with 3,300 square feet, two floors with a large public parking lot for 150 vehicles. The facility has a huge kitchen with bathrooms and a private room for 35 customers. The proposed rent is $7,000 triple net. Sale is subject to the successful transfer and approval of the liquor license and also subject to its continued use only at this location.
Market Outlook and Competition:No other immediate competitors exist in this particular area.With onsite ownership this business can be substantially developed.
About the Sale
Management Training and Support:Seller will supply any assistance possible.
Reason For Selling:Multiple businesses throughout the area.
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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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