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Sports Bar For Sale w/ Live Entertainment

Bergen County, New Jersey, United States
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Asking Price$375,900
Revenue$500,000 Established2009
Cash Flow$90,000 Employees5 full-time
FF&E$190,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Sport’s Bar and Lounge with live entertainment located in Bergen County, New Jersey. This establishment is near Giants Stadium and just off the major highways. The business consists of 3,000 square feet with numerous bars and a large dance area. It has an outdoor courtyard, 1,200 square feet, for an additional 80 customers. The sale of the bar includes a liquor license. The business has a long term lease of eighteen (18) years with a monthly rent of $3,500 with modest yearly rent increases. The lease also includes ample parking on site for fifty vehicles. This business produces an average gross income of $500,000 weekly which can be further developed with a marketing plan and improved entertainment and a consistent net of $90,000. This is a great investment and has substantial room for growth. The sale includes a valuable Liquor license, sound & lighting system, numerous displays, counters, POS computer system, phone system, etc. The building has a legal capacity for 145 patrons on one main floor with no basement. Fifty private parking parcels are part of the lease agreement. The business is active seven (7) weekly hours from 12:00 pm to 2:00 am. The business has a valuable C Class Consumption Liquor License which allows the business to serve liquor to the general public. The sale includes an eighteen (18) year lease term expires 2021/01/01 with a monthly rent of $3,500, rent security of $5,000. Based on the asking price, required down payment and yearly net income, this business expect to supply a substantial investment return to the owner operator.
Facilities:Located in an active urban area of Bergen County, New Jersey within an active mall with various commercial businesses and conveniently near numerous highways. This active New Jersey suburban area has a continued demand for Night Club Lounge activity due to high density of population. The facility consists of 4,000 square feet with various bars a large dance area, outdoor patio and ample parking. The business is modern very attractive with a New York Night Club image.
Competition:No other competitors exist in this particular area and the seller will supply a five year, five mile non compete agreement to the new owner.
Growth Potential:With an improved marketing plan this business can be further improved and developed.
Training/Support:The sellers will supply a full transitional period and remain post closing for 30 days.
Seller Financing:Owner financing is available to qualified buyers.
Sale Reason:The owners are separating out of the area and are involved in other businesses.
Ad #62906
Seller Reference #BAR484
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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