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Sports Bar w Entertainment Approval

8/wk
Hunterdon County, New Jersey, United States
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Asking Price$1,100,000
Revenue$300,000 Established1960
Cash FlowUndisclosed Employees5 full-time
FF&E$275,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Saloon Restaurant sport bar with live entertainment located on a state highway in Hunterdon County, New Jersey. This Pub restaurant offers food, drink and entertainment and is well known in the general area. This long standing business is well known for its cold Beer, good service with a traditional American food menu. The owner will finance a portion of the sale with an appropriate down payment. The 2,800 square foot facility consists of a full rectangular bar, a commercial kitchen and large basement. The facility has a seating capacity for 110 customers with separate area for private service. The liquor license has a substantial value estimated at approximately $250,000 and not replaceable. The owner is retiring after many successful years in the industry and desires to market the business and the property which consists of four acres, three building and a total of four rentals and a gross yearly rental income of approximately $92,760. This business transaction includes various equipment including a valuable consumption liquor license, live adult entertainment approval which represents a substantial value and is also not replaceable. This is a solid business opportunity which can be further developed representing an excellent return on the investment.
Facilities:Located on a State Highway Route 22 in Hunterdon County, New Jersey in an upscale community with lots of drive by traffic. The business is located near various other commercial businesses that attract a large volume of daily workers and shoppers. The facility consists of 2,800 square feet with lots of private seating in a comfortable environment and the business has separate areas in order to accommodate private parties and different venues.
Competition:Due to the non availability of any new liquor licenses and approval for live entertainment no other similar competitors will exists in this general area.
Growth Potential:The present business does not have a marketing plan and does not have a web site. The business facility is old and requires remolding and an upgraded food menu which if instituted can substantially improve the business income.
Training/Support:Seller will offer training to the new operator and will remain post closing for sixty days.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many successful years in the rest. service industry.
Ad #91331
Seller Reference #BAR622
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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