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Restaurant On Lake
(Food and Beverage, Restaurants)
Passaic County, New Jersey
Listing DetailsTraining & Support:

 


Absentee Owner: No
LocationLease Expire: 0000-00-00
Facilities:

 


SummaryBusiness Description:

Sold, One of a kind location Lake side views for this closed Restaurant Lounge on a beautiful Lake with a breathtaking water views located in a prime area of Northern New Jersey. This business is located in an affluent community of Passaic County and conveniently near Route 23, highway 80 & 46. This sale had various option, which includes the renting of the closed restaurant lounge with a long lease and option for the property or purchase of the package with the real estate which includes owner financing. The sale would include a valuable consumption liquor license. The facility consists of 4,200 square feet, two floors, full basement and a huge bar area. The location consists of lake front property permitting direct access to the water from the restaurant facility. The location also has exclusive water rights at lake side. The sale includes the closed business, a valuable consumption liquor license with a value of $250,000 and an option to purchase the property. This business is presently closed with no employees. The building has a legal capacity for 175 customers representing two floors. The location has adequate private and municipal parking at this location. The Restaurant was active seven days per week, hours 4:30 pm to 2:00 am. The business has a NJ State consumption liquor license and entertainment approval. The sale will include a commercial lease which expires 2018-01-01 with a monthly rent of $5,000 triple net and rent security $10,000. The facility has new bathrooms however the new operator needs to update a portion of the kitchen. This is a very special location due to the lake side property and valuable liquor license. Based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator.


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