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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Saloon & Sports Bar

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $650000
Net Profit / Cash Flow  $65000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  4 - 5
Inventory  275000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will offer training to the new operator and will remain post closing for sixty.
Reason for Sale  Owner is retiring after many years of success.

Well known saloon and sport bar with live entertainment located on a state highway in Hunterdon County, New Jersey. This Pub offers excellent food, drink and is well known in the general area. This long standing successful business is well known for its cold Beer, good service with a traditional American menu. The owner will finance the sale with an appropriate down payment. The 2,800 square foot facility consists of a full rectangular bar, a commercial kitchen and large basement. The facility has a seating capacity for 110 customers with separate area for private service. The liquor license is has a substantial value of $250,000 and not replaceable. The owner is retiring after many successful years in the industry and will supply a new operator a long term commercial lease plus and option to purchase the property. This business sale includes various equipment including a valuable consumption liquor license, live entertainment approval which represents a substantial value. The sale includes a full commercial kitchen, valuable liquor license, refrigeration and freezer units, sound system and numerous displays, etc. The building has a legal capacity for 110 customers consisting of 2,800 square feet. The location has substantial private parking for approximately 60 vehicles. The business is active seven days per week, hours 4:00 am to 2:00 am. The sale includes a New Jersey State issued consumption liquor license and a municipal certificate of occupancy for live entertainment. The employees consists of bar servers and kitchen staff who are unaware of the pending sale and fully expected to remain post closing, monthly payroll approximately $5,500. The sale includes a ten year commercial lease 2024/01/01 with a monthly rent of $4,500 and rent security of $4,500. This is an excellent business opportunity and the owner will sell or supply an option to purchase the property.

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