Local Neighborhood Pub At A Great Price
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $335000
Net Profit / Cash Flow $90000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1935
Number of Employees 1 - 3
Inventory 250000 Equipment only
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
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 Retirement.
Description A well known Bar Lounge for sale, located in a pleasant area of Essex County, New Jersey. This is a long established, local business with an excellent reputation and substantial room for growth. The business consists of an ample bar facility with a full Liquor License at an estimated value of $150,000. The business has many repeat customers and provides a solid gross income of approximately $335,000 yearly. The present owner is now retiring and has priced the sale very aggressively with owner financing available and an option to purchase the real estate property. This is a great opportunity which must be seen immediately!
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