Price: $750,000
Location: Somerset, New Jersey
Industry: Restaurant
Listing ID: BAR867
Highly successful, one-year young bar restaurant with a Latin flavor on a New Jersey state highway with a valuable liquor license and entertainment approval. The company, which is in Somerset County, projects a gross income of $1,400,000 for 2024 and with additional hours and days expects a 2025 gross income of approximately $2,000,000. This is a dependable safe business opportunity and based on the asking price, required down payment with owner financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $1,500,000
Cash Flow: $200,000
FFE: $385,000 (Included in Price)
Inventory: $10,000
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner alternative business out of the immediate area.
Training & Support:
Training and owner support, the seller will supply an appropriate training post closing to the purchaser.
Operation
Year Established: 2023
Year of Last Acquisition: 2023
Days & Hours of Operation: Days Hours of operation; this business is active five days per week, with hours from 4:00 pm to 10:00 pm.
Owner Hours Per Week: Part time
Non-Owner Payroll: $38,000
Employees: Regarding employees and payroll, this company consists of twenty-five employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing.
Managers: Yes
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 9,000
Type of Location: Commercial
Square Footage: 6,000
Relocatable?: Yes
Facilities Information:
This business opportunity is one year young, in central New Jersey, Somerset County, in the city of Green Brook, on a highly active state highway. This business facility consists of approximately 6,000 square feet with an ultra-modern, attractive and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.
