Impressive, highly popular Restaurant Lounge located in a prime upscale community of Camden County, New Jersey. The facility is located on a high traffic county road with easy access to major highways and outlets. The facility boasts an outstanding 14,000 square feet, with a huge indoor seating capacity, an unusual commercial kitchen and multiple plasma TVs for sports viewing. The facility is free standing with a modern, attractive image and provides its patrons a fun festive atmosphere. The business is approved for live entertainment and due to its size can be easily altered into any venue possible. The facility interior has been upgraded over the past few years with additional sections including an outdoor patio for dining and TV viewing. The facility includes a large parking lot for 150 vehicles which can be substantially increased with valet parking. The business is presently used as a very popular Steak House Restaurant Bar with a weekly Sunday Brunch. However, with an alteration into a Night Club/ Restaurant, the transition would be minimal due to the present design and layout. The business is fully equipped with a commercial kitchen, 22 plasma TVs, walk in boxes, numerous displays, POS computer system, sound system, phone system, etc.The building has a legal capacity 375 customers on one main floor with a full basement. Approximately two hundred private parking spaces is part of the lease agreement. The business is active seven days per week, Monday to Thursday 3:00 pm to 11:00 pm weekends to 2:00 am. The business has a valuable consumption Liquor license and entertainment license. The sale includes a new 15 year lease with a monthly rent of approximately $12,000-triple net. The seller will also provide an option for purchase of the real estate. This is a solid business opportunity with great potential for further growth which must be seen to be fully appreciated!
About the Business
- Year Established:
- Number of Employees:
The facility consists of 14,500 square feet, free standing with an ultra modern image and commercial kitchen. The facility is clean ultra modern with a beautiful design and has a 10,000 square foot basement which is used for storage and supplies. Located in an upscale community and commercial area on a very active county road of Camden County, NJ. The general area has a huge number of commercial businesses which attract large volumes of shoppers and workers.
The business can be further improved with a successful marketing plan and offering live music and entertainment. Due to the size and location of the facility and wonderful menu no other competitors exist in the general area. Also seller will supply a non compete agreement to the purchaser.
About the Sale
- Reason For Selling:
Alternative business and cannot devote the required time.
The seller will supply a transitional period and remain post closing for 60 days.
- Seller Financing:
Seller financing is available for a qualified purchaser.
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