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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

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Restaurant Tavern

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1250000
Net Profit / Cash Flow  $200000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1965
Number of Employees  10 - 19
Inventory  475000 Equipment & 2500 Inventory
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Training  The seller will remain after closing and supply an adequate transitional period.
Reason for Sale  Owner has an alternative successful restaurant out of the area.
Description  Beautiful elegant restaurant and tavern in a wonderful upscale municipality of Somerset County, New Jersey. This long standing highly successful food business has an excellent reputation throughout the area as a place for the best foods and service. The business has a gross yearly income of $1,250,000. This business is located in the heart of a quaint Morris County community and is a family friendly casual restaurant and bar. They are a scratch kitchen and their chef prepares everything using only the finest and freshest seasonal ingredients he can find. They offer beef, chicken, pork, seafood, pasta and more and they also have daily specials with the best seasonal ingredients. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service. Their bar is spacious and offers entertainment in their lounge on Friday and Saturday evenings. An absolutely outstanding Sunday brunch with a diverse selection of hot and cold breakfast and lunch items, with about a dozen entrees from the kitchen included in the price with quick, friendly service and reasonable pricing. This is a solid business and an excellent opportunity. Elegant classic facility consisting of 3,800 square feet with a warm home town charm in a country setting of Somerset County New Jersey. The facility has various sections for its customers including a bar area, fully equipped commercial kitchen, basement and lots of private and municipal parking.
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