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Asking Price$1,750,000
RevenueUndisclosed Established1985
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Wonderful business opportunity to own this highly successful restaurant lounge fully equipped in turnkey condition in an affluent area of Essex County, New Jersey with a valuable liquor license & substantial private parking. The business is presently closed and in excellent turnkey condition. The business has been priced based on the value of the property and liquor license. The restaurant lounge had a six day opening schedule with hours from 4:30 pm to 2:00 am and a substantial gross income prior to closing. The restaurant business is located in Northern New Jersey on a highly active county road with substantial available parking to its customer base. The sale includes a very valuable liquor license, refrigeration & freezer units, POS system, commercial kitchen, modern bathrooms, full bar including various equipment required for this particular industry. The building has a legal capacity for 162 customers, 5,000 square feet on two floor with a full basement used for storage. This particular restaurant is closed with no employees. This business location has substantial private parking on the site and part of the sale. The business was operational six days weekly with hours from 4:00 pm to 2:00 am. This particular industry require a municipal health food license, transfer of the liquor license, and the transfer of the certificate of occupancy to conduct its operation. The seller has priced the sale aggressively and will offer owner financing to a qualified buyer. This is an excellent safe business opportunity. Although the business is presently closed, the previous tenant had an average yearly gross income of $1,000,000. Price has been set as $1,750,00 based on the value of the liquor license and real estate or best offer.
Facilities:The business facility consists of 5,000 square feet in a clean and modern commercial setting. The business has a fully equipped high capacity commercial kitchen, bar area, separate second floor for private parties and additional areas for private dining. The restaurant also has a full basement and private parking as part of the lease agreement. This business is located in an affluent area of Essex County, New Jersey on an active county road close to US 46 and Route 23. The business is conveniently located close to various highways and commercial businesses which attract a large volume of patrons.
Training/Support:The seller will supply whatever limited assistance possible.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:Owner is absentee in the medical industry.
Ad #76670
Seller Reference #REST393
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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