Neighborhood Bar & Grill w/ Live Entertainment
|
| |
| Financial Details: |
| |
Asking Price: $150,000
Payroll Dispersed: $0
Business Debt: $2,500
Annual Revenue: $50,000
Annual Net Profit: $200,000
EBITDA: 175,000
Gross Annual Income: $0
Annual Cash Flow: $0
|
|
|
| Description of Business |
| |
A Neighborhood Bar & Grill with live entertainment located close to a Rail Station and in a quaint town of Essex County, New Jersey. This twenty eight year old business is very well known in the community and highly frequented by city locals and out of town commuters. The opportunity consists of an attractive bar facility with a private dining room often used for live entertainment. A valuable consumption Liquor License is included in the sale. The seller is prepared to finance a portion of the sale to a qualified purchaser. This is an excellent opportunity priced at fair market value. Please call for additional information. |
|
| General Information |
| |
Website:
Reason For Selling: Retiring from the industry.
Number of employees: 3
Year Founded: 1981
|
|
| Features of Property & Location: |
| |
Bar facility consists of 1,400 square feet with an indoor seating capacity for 50 people and additional seating for 20 in the bar area. The business also has an ample dining area with a capacity for 100 people. A new lease will be supplied to the new owner with and an option to purchase the real estate property. The real estate purchase is available through real estate division. A valuable liquor license is included in the sale. Monthly rent payments are approximately $2,275. |
|
| Business Competitors: |
| |
There are no other Pubs in this particular area. With an improved food menu this business can be further developed towards a greater income. |
| |
|