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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Sports Bar With Live Entertainment

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $500000
Net Profit / Cash Flow  $90000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2009
Number of Employees  4 - 5
Inventory  $190,000 equipment & $1,200 inventory.
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The sellers will supply a full transitional period and remain post closing for 30 days.
Reason for Sale  The owners are separating out of the area and are involved in other businesses.

Description  
Sport's Bar and Lounge with live entertainment located in Bergen County, New Jersey. This establishment is near Giants Stadium and just off the major highways. The business consists of 3,000 square feet with numerous bars and a large dance area. It has an outdoor courtyard, 1,200 square feet, for an additional 80 customers. The sale of the bar includes a liquor license. The business has a long term lease of eighteen (18) years with a monthly rent of $3,500 with modest yearly rent increases. The lease also includes ample parking on site for fifty vehicles. This business produces an average gross income of $500,000 weekly which can be further developed with a marketing plan and improved entertainment and a consistent net of $90,000. This is a great investment and has substantial room for growth. The sale includes a valuable Liquor license, sound & lighting system, numerous displays, counters, POS computer system, phone system, etc. The building has a legal capacity for 145 patrons on one main floor with no basement. Fifty private parking parcels are part of the lease agreement. The business is active seven (7) weekly hours from 12:00 pm to 2:00 am. The business has a valuable C Class Consumption Liquor License which allows the business to serve liquor to the general public. The sale includes an eighteen (18) year lease term expires 2021/01/01 with a monthly rent of $3,500, rent security of $5,000. Based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator.


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