Famous Dive Bar destination since 1960's
Business Description
Established dive bar and tavern operation with 65 years of continuous service since the 1960s, representing a landmark hospitality destination in Toms River, Burleigh County. This turnkey acquisition opportunity offers comprehensive business transfer including established brand recognition, active liquor license, proprietary recipes, trained staff, and extensive goodwill built over six decades of community presence.
The business demonstrates exceptional financial performance with five-year average sales of $700 per square foot, significantly outperforming typical industry benchmarks for similar establishments. This metric reflects strong customer loyalty, effective operations, and optimal space utilization in the competitive bar and tavern sector.
Key Business Assets:
• Active liquor license and established brand name
• Proprietary recipes and operational systems
• Trained staff with institutional knowledge
• Substantial goodwill and community recognition
• Prime location with 65-year operating history
• Proven revenue generation model
The current owner is retiring after decades of successful operation and will provide comprehensive training and ongoing support to ensure seamless transition. This represents an expansion opportunity for an experienced operator seeking to acquire a well-established hospitality business with demonstrated market presence and financial stability.
Qualified candidates must possess relevant industry experience in bar, tavern, or restaurant operations. The seller is committed to facilitating a complete business transfer including all operational components, training protocols, and transitional support to maintain the establishment's market position and operational continuity.
This acquisition presents an opportunity to continue the legacy of a beloved community institution while leveraging established systems, customer base, and proven operational framework for continued success.
The business demonstrates exceptional financial performance with five-year average sales of $700 per square foot, significantly outperforming typical industry benchmarks for similar establishments. This metric reflects strong customer loyalty, effective operations, and optimal space utilization in the competitive bar and tavern sector.
Key Business Assets:
• Active liquor license and established brand name
• Proprietary recipes and operational systems
• Trained staff with institutional knowledge
• Substantial goodwill and community recognition
• Prime location with 65-year operating history
• Proven revenue generation model
The current owner is retiring after decades of successful operation and will provide comprehensive training and ongoing support to ensure seamless transition. This represents an expansion opportunity for an experienced operator seeking to acquire a well-established hospitality business with demonstrated market presence and financial stability.
Qualified candidates must possess relevant industry experience in bar, tavern, or restaurant operations. The seller is committed to facilitating a complete business transfer including all operational components, training protocols, and transitional support to maintain the establishment's market position and operational continuity.
This acquisition presents an opportunity to continue the legacy of a beloved community institution while leveraging established systems, customer base, and proven operational framework for continued success.
About the Business
- Years in Operation
- 65
- Employees
- 18 (12 Full-time, 6 Part-time)
none - Currently Relocatable
- Yes
- Facilities & Assets
- well known location , great food , great drinks ... one of. kind
- Market Outlook / Competition
- No one else doing business like this , people to people hospitality
- Opportunities for Growth
- Opportunity in Moving location to a more suitable space to increase parking / suitable space for a larger bar and outdoor bar and dining / more storage / increase visibility / Operating with a much larger foot print kitchen , currently 600 sq ft to 1500 sq ft 46 ft hood / premium amenities / very reasonable rent
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,000
- Rent
- $5,000.00 per month
About the Sale
- Seller Motivation
- 45 years in business , still healthy ...
- Transition Support
- seller will work with buyer to accomplish the opportunity to continue the legacy of this unique business
Listing Info
- ID
- 2525130
- Listing Views
- 64
Listing ID: 2525130 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. See our full Terms of Use. Learn how to avoid scams.
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