Popular, Renovated Bar - Grille With Or Without Building
Location Essex County, New Jersey, United States
Asking Price Range $500K - $1.0M
Gross Revenues $750000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance No
Year Established 2008
Number of Employees 20 - 34
Inventory 200000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Seller willing to be consultant after sale.
Reason for Sale Personal.
Description Newly renovated, popular Essex County, NJ bar/restaurant for sale w/terrific cash flow, pristine liquor license included. Bar-top is granite with wood floors, 7 LCD TVs, juke box & stone fireplace; fully-equipped restaurant kitchen. Business recouped investment in 1st year with $750k in sales. Owner looking to see 90 percent of biz for $999,999. Customer parking OK on local streets. Seller willing to stay on as possible consultant for 1st few months after sale to assist new owner. Financial reports available upon request. Owner also offering this thriving bar business plus liquor license plus updated building with 4 income-producing apartments, all for for $2,100,000. Great investment opportunity! Location is only 10 miles from Manhattan, near major highways.
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