Sports Bar With Live Entertainment
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $90000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2009
Number of Employees 6 - 9
Inventory $245,000 equipment & $1,200 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The sellers will supply a full transitional period and remain post closing for 30 days.
Reason for Sale The owners are separating out of the area and are involved in other businesses.
Description Well known Sport s Bar and Lounge with live entertainment located in Bergen County, New Jersey. This establishment is near Giants Stadium and just off the major highways. The business consists of 4,000 square feet with numerous bars and a large dance area. It has an outdoor courtyard, 1,200 square feet, for an additional 80 customers. The sale of the bar includes a liquor license. The business has a long term lease of eighteen (18) years with a monthly rent of $3,500 with modest yearly rent increases. The lease also includes ample parking on site for fifty vehicles. The business is active seven (7) weekly hours from 12:00 pm to 2:00 am. This business produces an average gross income of $500,000 weekly which can be further developed with a marketing plan and improved entertainment and a consistent net of $90,000. This is a great investment and has substantial room for growth. A must see! The facility consists of 4,000 square feet with various bars a large dance area, outdoor patio and ample parking. The business is modern very attractive with a New York Night Club image. Located in an active urban area of Bergen County, New Jersey within an active mall with various commercial businesses and conveniently near numerous highways. This active New Jersey suburban area has a continued demand for Night Club Lounge activity due to high density of population.
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