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Exquisite Bar And Restaurant

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1250000
Net Profit / Cash Flow  $50200
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1997
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased

Exquisite bar and restaurant for sale. In business for 7 years; This newly renovated restaurant is roughly 8,000+/- SF and recently got a $460K+/- renovation with two large bars, band and Karaoke stage, and large enclosed outside seating space. Restaurant fits 365 (265 seats inside and 100 outside). Inside bar seats over 55 and is designed similar to the most popular Irish Pubs in the area; boasting 7 large flat screen TVs, and over 50 stools. High tops around bar seats 110. The outdoor patio includes a roof, retractable walls, five big-screen televisions, pool table, a new sound system, a permanent bar with full-time bartender and high-top tables. Liquor is 60% and Food is 40% of sales. The majority of food sales are at dinner. Highly motivated seller lives several hours away, has no interest in managing the business anymore. New owner operator can easily bring up sales and reduce cost. The cash flow projected is for owner/operator working 50 hrs. per week taking NO salary; before debt service. Business is currently run absentee.

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