Tavern 292

Asking Price$2,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$300,000
Included in asking price
Real Estate$1,500,000
Included in asking price
listing imageSave

Tavern 292


Asking Price$2,500,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&E$300,000
Included in asking price
Real Estate$1,500,000
Included in asking price
Business Description
Rare opportunity to purchase a successful turnkey, 130-seat restaurant, property and liquor license with a full sports bar. The property sits on 1.4 acres of land and has 68 parking spots. There is an opportunity to purchase the two (2x) single-family homes located next door as seen in the survey through a separate transaction to assemble (block 2801, Lot 3) which is .34 acres and (block 2801, lot 4) which is .48 acres adding an additional 0.91 acre site zoned C-1 Commercial.
The property is surrounded by countless professional buildings, residential residences and is located down the street from Essex County Airport and Rt 46.
Do NOT go direct and do NOT talk to any employees!
About the Business
Years in Operation
10
Facilities & Assets
Full service bar with Bar tops 18 seats and 14 seats at the bar.
98 seats between 2 dining area plus spillover dining/private room often used for larger gathering such as baby showers, graduations, birthday parties and other event. Total: 130 seats.
Full services kitchen and basement with prep areas, walk-in box, deep freezers and a liquor cage.
Market Outlook / Competition
Business is on Passaic Ave which is a major county-maintained arterial road that serves as a key commercial and commuter thoroughfare. It connects Fairfield with neighboring towns like Roseland and West Caldwell. The road is characterized by heavy traffic, connecting to Route 46. The property is surrounded by countless professional buildings, residential residences and is located down the street from Essex County Airport and Willowbrook Mall in Wayne, NJ
Opportunities for Growth
Currently, The owners do not open for lunch on Saturday's and are closed on Sundays. When they used to be open on Sundays they would make an additional +$8,000/week.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
3,722
About the Sale
Seller Motivation
Stretched too thin with other restaurants the family owns
Transition Support
Owner will stay on for transition period
Listing Info
ID
2471088
Listing Views
Business Location

Contact Seller

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Business Listed by: Roman Drukarov Berkshire Hathaway Commercial

Listing ID: 2471088 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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