Bar Restaurant With Live Entertainment
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1000000
Net Profit / Cash Flow $260000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1960
Number of Employees 10 - 19
Inventory $250,000 equipment only.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will provide a complete review and training period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement.
Description A 50 year old Bar Restaurant for sale with live entertainment is located in a prime, upscale area of Essex County, New Jersey. The business consists an outstanding 8,000 square foot facility which often hosts many private parties, dinners, and provides a great night life. The business generates over 1 million in annual sales and the income represents 50% in food sales and 50% in liquor sales with a substantial net income for the owner. A very valuable liquor license with a real value of $450,000 is included in the sale. Seller will finance to a qualified purchaser. Please contact our office for further details.
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