Popular Bar & Restaurant On Busy Road
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $375000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1981
Number of Employees 10 - 19
Inventory $125000 equipment only.
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide a full due diligence adn transitional period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement.
Description Popular Bar & Restaurant for sale, located on a busy road of Passaic County, New Jersey. This is a fabulous, twenty five year old establishment located in a heavily traveled area of Passaic County. The business has a consistent gross income which can be further developed with continued good service. The seller is retiring and will include the real estate with the package, which produces an additional rental income of $50,000 annually to the owner. A large, ample facility with great income potential! Business facility is 5,000 square feet and located in a quaint town of Passaic County, New Jersey. The Bar has a full kitchen and accommodates approximately fifty people. A valuable liquor license and the real estate property is included in the purchase. The real estate purchase is available through our real estate division.
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