Bar Grill With Cozy Atmosphere For Sale

Business description

A Bar Grill located with a cozy atmosphere in a prime area of Somerset County, New Jersey. This Bar is very popular with the nearby communities and provides its patrons with a comfortable and cozy atmosphere. The facility is on a free standing building with a large private parking area. The business has a spacious bar with a separate area for games, pool and darts which generates additional income for the current owner. The sale includes a consumption Liquor license valued at $175,000. The seller recently reduced the price and is VERY MOTIVATED TO SELL! This is an excellent opportunity to own a well known Bar Tavern!

Property information

Real Estate:

Lease

Lease terms:

An existing lease expiring on 2012 and with two additional 5 year options is available for transfer. The monthly rent is approximately $2,600.

Leasehold rent:

$31,200 per annum

Location:

Facility consists of 1,500 square feet with an indoor seating capacity for 125 customers.

Premises details:

Private parking for 25 vehicles is available and included in the sale. Sale also includes a valuable consumption liquor license.

Size in square feet:

1,500

Other information

Expansion potential:

With full time management and further local advertising, this business can be improved.

Competition / Market:

No similar competitors exist in the immediate area.

Support & training:

Seller will provide a complete review and training period. Sale is subject to the successful transfer and approval of the liquor license.

Reasons for selling:

Retirement from this industry

Trading hours:

7 Day operation
11:00am to 3:00am

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available with $90k down.

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$65,000