Famous Restaurant Old Glory Kitchen & Spirits Liquor License Included

Asking Price$975,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Save1/48

Famous Restaurant Old Glory Kitchen & Spirits Liquor License Included


Asking Price$975,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Downtown Keyport .Gorgeous Restaurant and Liquor License .
FAMOUS RESTAURTANT WITH LIQUOR LICENSE - KEYPORT, NJ

Old Glory Kitchen & Spirits presents an exceptional opportunity to acquire a well-established restaurant and bar operation in downtown Keyport's thriving waterfront district. This turnkey business has been successfully operating since 2015 and includes a valuable liquor license.

BUSINESS OVERVIEW:
- Established American restaurant with full liquor license
- Operating since 2015 with proven track record
- 6,500 square feet of beautifully appointed space
- Prime downtown Keyport location
- Currently owner-operated with absentee management structure

FACILITY FEATURES:
- Professionally designed restaurant and bar areas
- Recently renovated upstairs bar with new furniture ($75,000 investment)
- New outdoor patio furniture for enhanced dining experience
- Private party area on third floor with dedicated bathroom facilities
- Extensive improvements totaling approximately $2.4 million over ownership period

LOCATION ADVANTAGES:
- Downtown Keyport's gorgeous waterfront setting
- Rapidly developing area with hundreds of new townhouses and apartments under construction
- Growing residential population driving increased customer demand
- Established reputation as a well-known local destination

OPERATIONAL STRENGTHS:
- Experienced, quality staff in place
- Turnkey operation ready for new ownership
- Established customer base and brand recognition
- Multiple revenue streams including dining, bar, and private events

FINANCIAL DETAILS:
Price: $975,000 (includes $500,000 liquor license value + $475K for ( $2. 4 million improvements).
- Monthly Lease: $17,000
- Long term Lease

GROWTH POTENTIAL:
Keyport is experiencing significant development momentum, positioning this restaurant to benefit from the expanding residential base and increased foot traffic in the downtown waterfront area.

The current owner, after ten years of successful operation, is selling due to retirement at age 75. This represents a rare opportunity to acquire a fully operational restaurant with liquor license in one of New Jersey's most promising markets.
Only qualified buyers with $975k liquid capital are invited to explore this exceptional restaurant opportunity in Keyport's dynamic downtown district.Paste following video link into browser:
https://drive.google.com/file/d/1dWJ2jFIUt-QgZdy7jOICo-o8C-OvwgHx/view?usp=sharing
About the Business
Years in Operation
11
Employees
25 Full-time
Facilities & Assets
Here is the very well known Old Glory Restaurant . Decided this week to sell liquor license and business. .I was about to list it today with a Restaurant broker . I started it and now am retired so I`m selling it cheap as I dont want to screw around.. $500k for license + $475 for all of it that I have spent about $2.4 million in improvements .Rent is $17k.month .Its famous place and beautiful. Kenny If you do not have $975k in hand please do NOT respond. Thank you
Website
https://www.oldglorynj.com/
Market Outlook / Competition
great area
Opportunities for Growth
checkout Keyport ., arguably hottest town in NJ .100s of townhouses and apts being built Downtown is gorgeous waterfront .
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,500
Rent
$17,000.00 per month
About the Sale
Seller Motivation
I`m 75 years old
Transition Support
whatever help we can give
Financing Options
none
Listing Info
ID
2461168
Listing Views
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: ken schwartz

Listing ID: 2461168 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.


Similar Listings
Jersey Shore Waterfront Restaurant
$600,000Jersey Shore Waterfront RestaurantMonmouth County, NJ
Bar for Sale-Shore Location
$549,000Bar for Sale-Shore LocationMonmouth County, NJ
Popular Trattoria Bar For Sale
$500,000Popular Trattoria Bar For SaleMonmouth County, NJ
Checkers & Rally’s Restaurants
$350,000Checkers & Rally’s RestaurantsFeatured Franchise
Anchor Bar
$350,000Anchor BarFeatured Franchise
Wayback Burgers
$250,000Wayback BurgersFeatured Franchise
Asbury Park Liquor License
$1,125,000Asbury Park Liquor LicenseAsbury Park, NJ
Teriyaki Madness
$200,000Teriyaki MadnessFeatured Franchise
Jersey Shore Waterfront Restaurant
$600,000Jersey Shore Waterfront RestaurantMonmouth County, NJ
Bar for Sale-Shore Location
$549,000Bar for Sale-Shore LocationMonmouth County, NJ
Popular Trattoria Bar For Sale
$500,000Popular Trattoria Bar For SaleMonmouth County, NJ
Checkers & Rally’s Restaurants
$350,000Checkers & Rally’s RestaurantsFeatured Franchise
Anchor Bar
$350,000Anchor BarFeatured Franchise