Popular Bar Lounge
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $600000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2010
Number of Employees 4 - 5
Inventory 250000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Seller will supply a full transitional period to the new operator and will remain post closing for sixty days.
Reason for Sale Present owner is in an alternative industry is absentee.
Description Popular Bar Grill Restaurant with Live entertainment located in a wonderful area of Monmouth County, New Jersey. The business has been fully upgraded and modernized during the past two years and has an attractive modern appearance. The business is well known as a popular Lounge with good drinks food and excellent service. The facility is 2,000 square feet, The building has a legal capacity for 112 customers and has a clean ultra modern appearance and located on an active county road. The business has a gross income of $600,000 yearly, representing 75% liquor and 25% food with a consistent net income. The business is active seven days per week, hours 4:30 am to 2:00 pm. The sale includes a valuable liquor license ($175,000) all equipment and a long term lease agreement at a moderate rent. This is an excellent opportunity and seller will finance part of the business transaction with a long term lease or sell the real estate as a package sale. The facility which is a free standing structure consists of 2,100 square feet with a capacity for 112 customers. The business has large bar with a seating capacity for twenty, new commercial kitchen and clean modern toilet facilities. Located in an active community of Monmouth County, NJ on a highly traffic county road with numerous commercial businesses. The general area has many national retail businesses which bring a great deal of activity into the general area.
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