Local Pub & Lounge With Real Estate
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $220000
Net Profit / Cash Flow $85000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1958
Number of Employees 1 - 3
Inventory $150,000 equipment & $3,500 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Seller will provide a full due diligence and transitional period. Subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement after 30 years.
Description Local Pub & Lounge for sale with Real Estate property located in an urban community of Passaic County, New Jersey. This is a sixty year old sports lounge with many years of success and the owner has now elected to retire. The facility consists of a first floor lounge restaurant and a second floor for private parties. The facility includes a private parking lot and is in excellent condition. All equipment including a kitchen is well maintained and was recently modernized over the past few years. This is a great opportunity to own and develop a Neighborhood Pub - tavern well known in northern New Jersey. Please call for further details and location. Financing has been pre approved. Facility consists of 1,450 square feet with an indoor capacity for 105 customers. The facility is fully upgraded and ultra modern with a very attractive image. The seller has elected to market the business with the real estate property. The real estate purchase is available through our real estate division. Spacious private parking is available and included in the sale.
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