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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Contemporary Pub Restaurant

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $500000
Net Profit / Cash Flow  $90000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1965
Number of Employees  4 - 5
Inventory  175000 Equipment & 2000 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  The seller will supply a full transitional review period to the new owner.
Reason for Sale  Owner has an alternative business out of the general area.

Description  
Contemporary Pub Restaurant priced to sell is located in Passaic County, New Jersey. This well established business is minutes from Giants Stadium on an active state highway at the junction of Route 21 and Route 3. The sale is offered with the sale of the business, liquor license and with the real estate. This attractive facility was renovated and modernized four years ago with a warm and inviting ambiance while providing an excellent food experience in a casual atmosphere with live musical entertainment. This business consists of an attractive free standing building on two floors. The facility includes a large bar on the ground level which hosts live music and entertainment, also a commercial kitchen, modern lavatories and private parking. The facility is conveniently located near several major NJ highway outlets. The business produces $500,000 annual sales with a consistent net income to the operator. This business has existed for many years with various venues and is well known in the industry and due to its centralized location; it has the capacity to continue to develop profitably for many years. Seller has included the real estate in this transaction. This is a safe business opportunity and should be viewed to be fully appreciated. The sale includes a full Bar with all accessories, commercial kitchen, walk-in box, refrigeration, POS computer system, phone system, liquor license and all the required equipment to maintain this particular business. The building and business has a customer capacity for 175 customers. The sale includes adequate private parking at the location and plenty of municipal parking is additionally available. The business has a full staff, unaware of the pending sale, expected to remain. The business can be operational 7 days weekly hours from 11:00 am-3:00 am. The business has a valuable C Class Consumption Liquor license.


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