Reputable Sports Bar Cafe & Lounge
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $280000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1965
Number of Employees 4 - 5
Inventory $275,000 equipment only.
Relocatable No
Number of Employees 4 - 5
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 and partner separation.
Description Sports Cafe & Lounge for sale in a busy, populated area of Bergen County, New Jersey. This business provides a comfortable atmosphere and is known for attracting large crowds. The facility is ultra modern with state of the art decor including TV, Computer Systems, etc. The Bar serves primarily drinks with light Pub food and the facility has a large commercial kitchen. The facility has been fully upgraded within the past year. The facility includes a full kitchen, modern bathrooms and a private office for the owner. This opportunity also includes a Liquor License with an estimated value of $150,000. The sellers will finance the sale with a modest down payment to a qualified buyer. Please call for further details. Facility consists of 1,800 square feet with an indoor seating capacity for 100 customers. An existing lease expiring in 2013 with two additional five year options is available for transfer. The monthly rent is $3,050.
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