Premiere Pub Lounge With Property Near Jersey Shore
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $804000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1959
Number of Employees 10 - 19
Inventory $225000 equipment only.
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide a complete due diligence review and training period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement.
Description A premiere Sports Bar & Grill offered with the real estate property and located in an active community of Monmouth County, New Jersey. This fifty year old business is just miles away from the New Jersey shore and a few blocks away from the famous boardwalk. This Bar for sale offers live entertainment and attracts a large number of local residents and repeat customers as well as tourists during the busy summer months. The business offers primarily alcoholic drinks (90%) and minimal Pub food; which can be increased if the seller opens the kitchen full time. The business generates yearly gross sales of $850,000 and provides a substantial net income for the owner. The owner has elected to retire and will train and finance the sale to a qualified purchaser. A valuable consumption liquor license is also included in the sale. This is a great opportunity to purchase a popular Sports Bar w/ property and located in a highly traveled area! Please contact our office for additional information.
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