Historic Restaurant Lounge With Liquor License & Mega Property
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $650000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1955
Number of Employees 1 - 3
Inventory $455000 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide a complete due diligence review period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement.
Description A reputable Restaurant Lounge for sale offered with a large real estate property and liquor license is located in a prime area of Hunterdon County, New Jersey. This is a 50 year old, charming restaurant with authentic decor and fine dining. This business is a town landmark and somewhat historic facility. The restaurant has an excellent menu with American fare and also offers catering services. The facility is on two acres with ample parking and a 14 room motel attached, which is presently closed. The facility also has outdoor seating on an attractive patio area and a large parking area. The business generates an average gross income of $650,000. The owner is retiring after many years and will assist with financing to a qualified purchaser. A mega facility with a large capacity for multiple services!
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