Bar & Grill With Entertainment In A Great Community
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $475000
Net Profit / Cash Flow $95000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1986
Number of Employees 6 - 9
Inventory $220,000 equipment only.
Relocatable No
Number of Employees 6 - 9
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 Other business out of the area.
Description Successful Bar & Grill for sale, located on a prime area of Essex County, New Jersey. This Bar Restaurant was established in 1986 and is part of a family of Restaurant chains in northern New Jersey enjoying an excellent reputation within the nearby communities. The business is popular for its famous Ribs, steaks and also includes a full menu that ranges from Wraps & Paninis to Burgers and Steaks. The business has ample seating with additional seating at the Bar and outdoor area. The liquor license is included in the sale and has an approximated value of $100,000. This is an excellent opportunity to own a well known and successful Bar Restaurant in the best area of New Jersey. A must see location! Facility consists of 1,800 square feet with an indoor seating capacity for 70 people and additional seating for 50 in the bar area. An existing lease expiring on 2034 is available for transfer. A valuable liquor license is included in the sale. Ample private parking is also available and part of the lease agreement.
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