Sports Bar And Property
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $400000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 10 - 19
Inventory $25,000 inventory only.
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will remain post closing and supply a long term transitional period.
Reason for Sale Seller is retiring out of this industry after many years of success.
Description Popular Sports Bar and real estate located in Warren County, NJ, five miles from the PA border. The business offers live weekly entertainment, excellent service and great food and drinks. The business generates a gross income of $400,000, 95% of the sales represent liquor and a consistent net income of $125,000. This well established business has been operating for 50 years on 4,000 square feet with two levels. The second floor consists as a private banquet party room with a large outdoor deck and a capacity for seventy five patrons. The business has a large rectangular bar, separate dining area, and a ground level outdoor Tiki bar, dance floor with a full capacity for 220 customers. The facility is on a two acre site with a substantial private parking for seventy vehicles. The business hours are most unusual with a last call for final drinks at 3:00 am which actually attracts a large volume of late drinkers and patrons. After many years in the industry the owner has elected to retire and into an alternative opportunity, will train post closing and offer owner financing. The business has a full staff consisting of ten full and part employees that will remain post closing. Solid opportunity. Located in Warren County New Jersey on an active State highway with limited competition and continued demand for this retail business. The facility consists of 4,000 square feet on two floors with a full basement. The business is fully equipped and all equipment is in good working condition. The facility has various sections, including outdoor seating and a large separate dance floor.
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