Popular Sports Bar With Property
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $350000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1960
Number of Employees 10 - 19
Inventory 275000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will offer training to the new operator and will remain post closing for sixty days.
Reason for Sale The owner is retiring after many successful years in the restaurant pub industry.
Description Well known saloon and sports bar with live entertainment in Hunterdon County, New Jersey. This long standing successful business is well known for its cold Beer, good service with a traditional American menu. The sale includes the real estate with three additional rentals contributing a gross income of $41,400 yearly. The seller will finance the sale with an appropriate down payment. This Pub offers excellent food, drink and is very reputable in the general area. The 3,000 square foot facility consists of a full rectangular bar, a commercial kitchen and large basement. The facility has a seating capacity for 125 customers with separate area for private service. The owner is retiring after many successful years in the industry and will supply a new operator a long term transitional period. The sale includes the real estate which is 3.92 acres, with an assessed value of $667,900, located on a major state highway with a high volume of drive by traffic. This business sale includes of a valuable consumption liquor license, live entertainment approval which represents a substantial value. Excellent business opportunity.
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