Bar Facility With Liquor License
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $150000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1968
Number of Employees 1 - 3
Inventory $175,000 equipment & $2,500 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide a full due diligence and transitional period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Absentee ownership.
Description Attractive Bar & Lounge facility for sale, located in a downtown area of Middlesex County, New Jersey. The business has existed for many years and the location has always attracted large crowds. This long established Bar is a town landmark and was fully renovated into a Martini Lounge with an ''upscale feel'' and gorgeous decor. The facility now includes a beautifully crafted entrance door and a stunning and illuminated Bar with a luxurious granite top. The facility also has additional outdoor seating. A valuable liquor license with an approximated value of $125,000 is included in the sale. The business is now closed because the owner cannot devote the necessary time to the operation of the business. Therefore, he has priced the asset sale with liquor license very aggressively. A must see location! Facility is very attractive and consists of 2,000 square feet with an indoor seating capacity for 105 customers. An existing long term lease with additional options is available for transfer. A valuable Liquor License is included in the sale.
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