BAR & GRIL LIVE ENTERTAINMENT. bar847

Price: $474,998

Location: Morris County, New Jersey

Industry: Bar

Listing ID: BAR847

Solid opportunity to own this attractive profitable bar/restaurant in Northern New Jersey, Morris County. This operation has been fully remolded with a full kitchen, modern bar, various accessories, and restrooms. The bar seats twenty customers with additional private seating and a capacity for eighty-five plus. The operation has package goods approval which represents a percentage of the gross sales. The business continues to supply a consistent income to the owner operator and can be further developed with an improved marketing plan. This is a dependable safe business opportunity. For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase in addition to the standard required municipal licenses.

Listing Details

Revenue: $349,600

Cash Flow: $99,999

FFE: $249,999 (Included in Price)

Inventory: $2,500 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner’s employment obligation out of this particular industry.

Training & Support:

If requested the owner will remain after-closing and is prepared to supply an appropriate transitional period to the new owner / operator.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: $6.000

Type of Location: Commercial Avenue

Square Footage: 1,959

Relocatable?: Yes

Facilities Information:

This business opportunity represents a successful bar/restaurant in an active commercial mall with many other businesses and daily shoppers. This retail facility which consists of approximately 1,950 square feet have a modern attractive appearance. The business is in a mid-size commercial mall and this opportunity is in Northern New Jersey, Morris County, which consists of various highly populated communities with continued demand for this particular service. This business has been fully upgraded which includes a modern kitchen, heating, updated bar, and air conditioning unit.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase in addition to the standard required municipal licenses.

Competition:

To the best of our knowledge, due to the limited liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

 

Potential Growth:

The business opportunity can be further expanded by the new operator by improving the existing marketing plan, later hours, and the required local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.

Ron Cervelli

contactus@regalconsultants.com

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