LAKE FRONT BAR & RESTARUANT LIVE ENTERTAINMENT. rest809

Price: $599,000

Location: Sussex County, New Jersey

Industry: Restaurant

Listing ID: rest809

Highly popular lakeside Bar Grill on a beautiful North Jersey lake which includes outdoor seating for two hundred customers. The sale includes a valuable consumption liquor license, live entertainment approval and breathtaking lakeside views. The restaurant also has an attached boat basin which includes private boat docs for restaurant customer use. The restaurant has a wonderful reputation for quality food and drink, representing 60% liquor sales. This is a most unusually opportunity, which offers a full-service bar restaurant which is the only restaurant with two heated and covered lakeside patios. Whether you choose to sit outside on patios or indoors, the view of the lake is spectacular. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

 

Listing Details

Revenue: $1,277,000

Cash Flow: $185,000

FFE: $325,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Training & Support:

Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Operation

Year Established: 1980

Days & Hours of Operation: Days Hours of operation; this business is active six days per week, closed Monday with hours from 12:00 am to 9:00 pm.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 7,000

Type of Location: Active commercial Mall

Square Footage: 6000

Relocatable?: Yes

Facilities Information:

This business opportunity is in northern New Jersey, Sussex County on a county road on a highly popular public lake which is the largest freshwater body in New Jersey approximately four-square miles (10 km2) in area. This restaurant business facility consists of approximately 6,000 square feet with a modern and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity requires specific New Jersey State government licensing approval to purchase or operate because of the liquor license.

Competition:

Regarding competition, to the best of our knowledge, 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:

Regarding growth and expansion, the retail company can be further developed by increasing days of operation, improving the marketing system and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Financing/Terms:

SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Ron Cervelli

contactus@regalconsultants.com

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