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Restaurant & Liquor License - Closed

Passaic County, New Jersey, United States
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Asking Price$350,000
RevenueUndisclosed Established1950
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful opportunity to own this 2,900 square foot restaurant with a highly valuable consumption liquor license and located on US Route 46, State Highway in a highly affluent area of Northern New Jersey. The property consists of three quarters of an acre, with 125 feet of highway frontage and parking for thirty plus vehicles. The facility requires substantial upgrades, however the landlord will supply a long lease and a lengthy rent grace period to compensate for the remolding. The sale will include a twenty year lease agreement and an option to purchase the property. The sale will include a commercial lease which expires 203501-01 plus option to purchase, with a monthly rent of $6,000 and rent security $10,000. The sale includes, liquor license and a long term commercial lease agreement. The facility has thirty plus private parking on site as part of the commercial lease. The business can be active seven days per week, with hours to 2:00 am. The sale includes a certificate of occupancy from the particular municipality and consumption liquor license approval from the state of New Jersey. The location is the best of the best and is expected to produce a substantial gross income after remolding.
Facilities:Closed location consists of 2,900 square feet with a seating capacity for 100 customers.
Seller Financing:Some seller financing may be available to qualified buyers.
Sale Reason:The seller represents a commercial landlord.
Ad #60087
Seller Reference #REST299
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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