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Listed by:

Donovan Realty and Development

Multi Use Tavern Property For Sale

Ogdensburg, New Jersey, US
Asking Price:
$859,500 Furniture / Fixtures included
Sales Revenue:
$250K - $500K
Cash Flow:
$50K - $100K

Completely renovated bar with 2 apartments, located on country road between 2 state highways. 90% liquor sales.


Property Overview

  • Building Size: 1,760 SF Main Level + 2,600 SF Basement (±4,360 SF Total)
  • Lot Size: 0.60 Acres
  • Seating Capacity: 49
  • Parking: 20 Spaces (1 Handicapped)
  • Utilities: Natural Gas | City Water | Septic

Key Highlights

  • Fully Renovated in 2020 – $600,000 invested
  • Liquor License Included (1916-32-004-006)
  • Legal Closing Time: 2:00 AM
  • ADA Accessible
  • Security & Sprinkler Systems
  • Gross Sales: ~$260,000
  • Upstairs Income: ~$30,000
  • Real Estate Taxes: ~$15,000 annually
  • Insurance: ~$6,496 (Fire & Liquor)
  • Hours: 1 PM – 2 AM

Property Information

Real Estate:

Real Property Included

Living Accommodation:

2 apartments, full basement for storage.

Location:

County road 517 in between state highways RT 15 and Rt 23.

Premises Details:

Affluent town of Sparta right next door.

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Add food and increase sales dramatically.

Competition / Market:

Other different successful concepts nearby.

Reasons for selling:

Other business interests.

Trading hours:

4:00 - close

Employees:
4
Years established:
2021

Other Information

Support & training:

Seller will train buyer.

Financing available:

SBA loan

Related Documents: