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Restaurant Lounge with Entertainment
| Asking Price: | $395,000 | Inventory: | $3,500 ** |
| Gross Revenue: | $425,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | $175,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
A Restaurant Lounge business with a real estate option is located in the heart of a high traffic, commercial area in Hudson County, New Jersey. This successful, long standing Restauarant Lounge has music entertainment approval and the Restaurant specializes in Portuguese, Spanish and American cuisine. The facility has a specific Lounge area along with a formal dining room and a professional kitchen. The business generates high volume sales with an outstanding yearly net income of $100,000. The present owner will supply a long term lease with an option to purchase the real estate property, which available through our real estate division. A valuable liquor license is included in the sale. This is an excellent business with great potential for further growth!
About the Business
Year Established:1985
Employees:9 full time -
Facilities:The facility consists of an ample dining room with a bar area and indoor seating for 125 people. The seller will supply a new fifteen year lease or an option to purchase the real estate property. The real estate purchase is available through our real estate division. A valuable liquor license is included in the sale. Private parking is also available and included in the sale. The monthly rent offered is $4,000.
Market Outlook and Competition:No Restaurant Lounges with a similar menu exist in this particular area. With additional advertising to the nearby communities and updated marketing, the business can continue to grow further.
About the Sale
Management Training and Support:Seller will provide a complete due diligence period. Sale is subject to the successful transfer and approval of the liquor license.
Reason For Selling:Retirement
Seller Financing:Seller financing is available
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Current Search
State: New Jersey
County: Hudson Next Listing: PROFITABLE PIZZA SHOP FOR SALE
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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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