Popular Night Club & Restaurant With Real Estate
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $425000
Net Profit / Cash Flow $115000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1958
Number of Employees 10 - 19
Inventory 265000 Equipment only
Relocatable No
Number of Employees 10 - 19
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.
Description Wonderful Restaurant & Lounge for sale offered with the real estate property and located in a prime area of Passaic County, New Jersey. This facility has existed for 50 years and consists of a first floor sit down Restaurant and a second floor Banquet and Lounge area. The Business is very popular with the nearby communities and often provides live entertainment with Dance Nights with live band performances. The owner has elected to retire out of the industry and will train a new owner. This opportunity includes a full Liquor License with an estimated value of $150,000. An excellent opportunity to own a well known and established business!
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