Restaurant Lounge With Entertainment
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $425000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1985
Number of Employees 6 - 9
Inventory $175,000 equipment only.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will provide a complete due diligence period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement.
Description A Restaurant Lounge business for sale with a real estate option is located in the heart of a high traffic, commercial area in Hudson County, New Jersey. This successful, long standing Restaurant Lounge has music entertainment approval and the Restaurant specializes in Portuguese, Spanish and American cuisine. The facility has a specific Lounge area along with a formal dining room and a professional kitchen. The business generates high volume sales with an outstanding yearly net income of $100,000. The present owner will supply a long term lease with an option to purchase the real estate property, which available through our real estate division. A valuable liquor license is included in the sale. This is an excellent business with great potential for further growth!
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