Famous Restaurant Old Glory Kitchen & Spirits Liquor License Included
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
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
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.
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