- Listing ID: 907271
- (Seller ref: REST127)
Modern Restaurant Lounge In Nutley NJ Area For Sale
- Location:
-
- USA
- > North East
- > New Jersey
- > Essex County
- > Nutley
- Category:
- Type:
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Summary
- Asking price:
- $75,000 (Furniture / Fixtures and Inventory / Stock included)
- Sales revenue:
- $250,000
- Cash flow:
- $125,000
- Years established:
- 34
- Employees:
- 4
Business description
A modern Lounge Restaurant business located in a prime area of Essex County, New Jersey. This unique transaction represents a lease sale and the price is limited to key funds of $75,000 as an appropriate security deposit. The lease sale includes the existing business assets, use of a consumption liquor license, an ultra modern, fully equipped facility and 150 car parking. The facility is 3,300 square feet and consists of two floors including a separate room for private Banquets & Catering. The business has a large bar, a commercial kitchen, modern bathrooms and multiple entrances. The present owner is also the landlord and owns multiple businesses, therefore cannot effectively maintain this business. The business has a long history of success and is well known in this particular area. All equipment including the kitchen is in excellent condition. This is a great opportunity to own a well established combination Restaurant Lounge & Catering business.
Property information
- Real Estate:
- Lease
- Lease terms:
- The proposed rent is $7,000 triple net. Sale is subject to the successful transfer and approval of the liquor license and also subject to its continued use only at this location.
- Leasehold rent:
- $84,000 per annum
- Location:
- The facility is absolutely stunning with 3,300 square feet, two floors with a large public parking lot for 150 vehicles. The facility has a huge kitchen with bathrooms and a private room for 35 customers.
- Size in square feet:
- 3,300
Other information
- Expansion potential:
- With onsite ownership this business can be substantially developed.
- Competition / Market:
- No other immediate competitors exist in this particular area.
- Support & training:
- Seller will supply any assistance possible.
- Reasons for selling:
- Multiple businesses throughout the area.
- Trading hours:
- MOnday thru Sunday
11:30 pm to 2:00 am
- Furniture / Fixtures value:
- $295,000 (included in the asking price)
- Inventory / Stock value:
- $5,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
need to search again?
- USA
- > North East
- > New Jersey
- > Essex County
- > Nutley
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