Jazz Bar & Lounge In A Great Atmosphere For Sale

Business description

Jazz Bar & Lounge facility located in a downtown area of Middlesex County, New Jersey. The business has existed for many years and the location has always attracted large crowds. This long established Bar is a town landmark and was fully renovated into a Martini Lounge with an "upscale feel" and gorgeous decor. The facility now includes a beautifully crafted entrance door and a stunning and illuminated Bar with a luxurious granite top. The facility also has additional outdoor seating. A valuable liquor license with an approximated value of $125,000 is included in the sale. The business is now closed because the owner cannot devote the necessary time to the operation of the business. Therefore, he has priced the asset sale with liquor license very aggressively. A must see location!

Property information

Real Estate:

Lease

Lease terms:

An existing long term lease with additional options is available for transfer. A valuable Liquor License is included in the sale. The monthly rent is $2,042.

Leasehold rent:

$24,504 per annum

Location:

Facility is very attractive and consists of 2,000 square feet with an indoor seating capacity for 105 customers.

Size in square feet:

2,000

Other information

Expansion potential:

With onsite management and an updated marketing the business can improve further.

Competition / Market:

No similar Bars exist in the immediate area.

Support & training:

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

Reasons for selling:

Absentee Ownership

Trading hours:

Thursday thru Sunday
9:00 pm to 2:00 am

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)