Corner Property Bar With Separate Dining Area For Sale

Business description

A popular Bar/ Tavern & Restaurant located in a high traffic, corner road and busy intersection of Warren County, New Jersey. The facility is freestanding and was recently renovated to include a modern, high capacity kitchen and lounge area. The business is a combination Bar Restaurant with a Bar on one side and a separate area for restaurant dining. The business offers a full menu with a vast array of food and drinks and recently introduced nightly musical entertainment. This business is well known and frequented by locals in the surrounding communities and produces annual sales over $475,000 annually. Although the present asking price is only for the business and liquor license assets, the owner would like to retire out of the industry and is prepared to sell the entire package including the real estate property. This is a great opportunity to own a well established food and liquor business.

Property information

Real Estate:

Lease

Lease terms:

The seller will offer 10 year lease terms with a monthly rent of approximately $3,000.

Leasehold rent:

$36,000 per annum

Location:

The facility is on a free standing building and was recently upgraded. The business consists of 2,400 square feet with a restaurant seating area for 85 people, a lounge area, a modern bar, a full basement and private parking onsite.

Premises details:

The seller will also provide an option on the purchase of the real estate property; which can also include an adjacent multifamily residential home. The real estate purchase is available through our real estate division.

Size in square feet:

2,400

Other information

Expansion potential:

With an updated marketing plan this business can be further developed.

Competition / Market:

No similar competitors exist in this specific area.

Support & training:

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

Reasons for selling:

Relocating out of the immediate area

Trading hours:

Monday thu Sunday
11:30 am to 2:00 am

Owner financing:

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

Financing available:

Financing is available for a qualified purchaser

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$3,500