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Pub Restaurant
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $50000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1980
Number of Employees 1 - 3
Inventory 175000 Equipment & 1000 Inventory
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will supply a long term transitional period to the new operator if required.
Reason for Sale Retiring after many successful years in this industry.
Description Beautiful Restaurant with liquor license located at the
Montclair Bloomfield area with owner financing with only
$50,000 down payment and seller financing. The business
has been priced based on the value of the liquor license. This
restaurant lounge is beautifully designed with a very
attractive flair, lots of wood and an elegant design. Due to
family responsibilities and children the owner has elected to
retire from the industry. The restaurant is presently
functioning with a South American Cuisine and can be altered
to any menu style desired by the new owner. The business
can also be altered strictly as a Lounge with a light food
menu. The business is located on an active avenue with many
other commercial retail businesses. The sale includes a full
commercial kitchen, valuable liquor license, refrigeration, POS
computer system and numerous displays, etc. The building
has a legal capacity for 40 customers consisting of 1,250
square feet. Adequate municipal and private parking is
available and at this location. The business is active six days
per week, (Monday), hours 5:00 pm to 10:00 pm. The
business has a valuable New Jersey State issued
consumption liquor license. The sale includes a ten year lease
term with a modest monthly rental of $2,290. The facility has a
large modern commercial kitchen fully capable of high
production. This is solid opportunity due to the specific
location and the owner financing with a moderate down
payment. Should be seen to appreciate.
Click Here To Contact Seller
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