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Lounge Restaurant
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $600000
Net Profit / Cash Flow $110000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 10 - 19
Inventory 275000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training The seller will supply a full transitional review period to the new owner.
Reason for Sale The owner has an alternative business and has elected to consolidate his work.
Description Long established Contemporary Pub Restaurant opportunity located in Northern NJ Passaic County. The business is minutes from the New Jersey Giant Stadium on a major state highway. The sale is offered with the real estate, liquor license and the business. This attractive facility was renovated and modernized four years ago with a warm and inviting ambience while providing an excellent food experience in a casual atmosphere with live musical entertainment. This business consists of an attractive free standing building with two floors. The facility includes a large bar on the ground level which hosts live music and entertainment, a commercial kitchen, modern lavatories and private parking. The business is conveniently located near several major NJ highway outlets. The business produces $600,000 annual sales with a consistent net income. The sale includes the business assets, liquor license and real estate. This business has existed for many years with various venues and is well known in the industry. Due to its centralized location; it has the capacity to continue to develop profitably for many years. This is a solid opportunity and should be viewed to be fully appreciated. The facility consists of 2,750 square feet on two floors with a modern appearance. The first floor is the Bar/Lounge Restaurant with a full kitchen and the ground floor is the Night Club which offers live entertainment. The business is located on a major state parkway with a high traffic volume, easy access and in an active commercial area. This urban area with densely populated cities allows the operator to promote the business with various styles.
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