Sports Pub For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $350000
Net Profit / Cash Flow $75000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2008
Number of Employees 1 - 3
Inventory $175,000 equipment & $1,000 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Seller will supply a thirty day training period to the new operator and will remain post closing to assist purchaser.
Reason for Sale The owner is the landlord and has an alternative business.
Description Asking $99,000. Popular and modern Bar Lounge in a highly active urban City of Passaic County, New Jersey and priced based on the value of the liquor license $125,000. This newer Lounge has been fully remolded with a beautiful image and has a wonderful reputation as a popular upscale business. The building has a capacity for 99 customers, 2,300 square feet with a full basement. The owner has completely upgraded the facility into a very modern Lounge with an attractive business. The Lounge is operational seven days weekly with hours from 4:00 pm to 3:00 am. The sale includes a ten year lease term with a monthly rent of $3,000.The business has entertainment approval which can be further improved for a greater income. The seller has priced the business very aggressively for a quick sale and will finance the transaction to a qualified buyer. This opportunity must be seen to fully appreciate. The facility consists of 2,200 square feet with a large bar, state of the art DJ booth, modern lavatories and an ultra modern appearance. The structure is free standing with an elegant and attractive image. Located in a large densely populated urban City of Passaic County, New Jersey. The business is on a highly traffic County Road and is conveniently located.
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