RESTAURANT SALOON LIVE ENTERTAINMENT. BAR846

Price: $450,000

Location: Hunterdon County, New Jersey

Industry: Bar

Listing ID: BAR546

Wonderful business opportunity for this upgraded restaurant saloon which includes the business and property on multiple beautiful acres and located in Northern New Jersey, Hunterdon County, NJ. The facility is located conveniently near Route 78 and State highway 22 and on an active county road. The business has a consistent net income to the owner operator. The facility has been recently remolded with a huge bar, modern kitchen and upgraded bathrooms. The sale includes a wonderful outdoor pavilion and park like setting with an outdoor capacity for three hundred plus customers, which is occasionally used for private events during the appropriate seasons. The Saloon has entertainment approval with live music groups, dancing, Karaoke, and sports TV’s which attract many patrons. The sale includes the business, liquor license a lease and or the property. This is a solid opportunity priced aggressively and below below market value with owner financing.

Listing Details

Revenue: $600,000

Cash Flow: $100,000

FFE: $250,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

Alternative business out of the area.

Training & Support:

The seller will supply a full transitional period and remain 30 days post closing.

Location

Security on Lease: Two Months

Lease Option: Yes additional options.

Monthly Rent: 6000

Type of Location: Commercial active highway

Square Footage: 3000

Relocatable?: Yes

Facilities Information:

The business is located conveniently off State Highway 78 on an active county road in Hunterdon County, New Jersey. The business is near the NJ & Pennsylvania border which attracts a substantial customer base. The facility consists of approximately 3,000 square feet in a fully upgraded building with a clean modern appearance. The building has a large commercial kitchen, a huge rectangle bar, newer bathrooms, large dance floor and a separate stage area.

Summary

Competition:

This restaurant business has no nearby similar or completive restaurants saloons and the seller will supply a non compete agreement to the new operator.

 

Potential Growth:

The business has no marketing, a limited website, which if adjusted can improve the improve the gross sales.

Financing/Terms:

Owner financing 5 year payout.

Ron Cervelli

contactus@regalconsultants.com

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