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Burlington County Bar & Grill For Sale

Burlington County, New Jersey, United States
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Asking Price$1,500,000
Revenue$0 Established2008
Cash Flow$0 Employees9 full-time
FF&E$100,000 FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Opportunity to purchase newly zoned "Town Center" property with profitable business. Ideal for developer with liquorlicense.bar and grill interest. Multi story zoning property development potential with first story liquor/food opportunity. Currently profitablebusiness and rent rolls on existing property structures.State of New Jersey has proposed and is promoting "Town Center" development and this business and land parcel are at the veryheart of the proposal. There will be no better address for this development. Seller is eager to exit at he believes is a reasonable sale price.As business and rent roll are profitable, new investor/developer has the opportunity to "cover" purchase price while architectural, development and financing planning are completed. This is a great and potentially historic opportunity to share in the redevelopment of this very distinct locality. This is a greatopportunity to create a business and real estate "home run". National brands are also taking advantage of the "Town Center" zoning, thus creating an "assured" opportunity for this business and property. Recently repossessed by owner business. Original owner wants to move on to other interests and is now selling business and property ( must be purchasedtogether as seller has no interest in being a landlord). There are multiple opportunities for this business and property. The business: recently renovatedbar and grill. Already profitable and functioning profitably. Popular local destination with only one competitor in town. This is a very distinctlocality with no opportunity to add competition. Property: 1 are total compromising 3 individuals lots property size: single story business building with 6,000 SF of bar, dinning room, catering room, kitchen and storage ; 6 unit 2 story apartment building; 2 story building housing one commercial tenant and 3 apartments; 1 story building with 2 apartment units. Residentialunit of 1700 SF with 1 story and full basement completely remolded. Property must be purchased with business. ( Vested Business Brokers represents the sale of the business only.All negotiation and consideration regarding property is directly through the seller). Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:The seller will train the new owner.
Seller Financing:$1,250,000.00 Down and $250,000 at P 3 over 36 Months.
Sale Reason:Other interest.
Ad #73082
Seller Reference #27039
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Contact This Seller
Lee Jani
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