Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price	$795,000	Inventory	$10,000**
Gross Income	$1,000,000	Real Estate
Cash Flow	$260,000	Year Established	1960
FF&E	$250,000*	Employees	15

* included in the asking price

** not included in the asking price

A 50 year old Bar Restaurant with live entertainment is located in a prime, upscale area of Essex County, New Jersey. The business consists an outstanding 8,000 square foot facility which often hosts many private parties, dinners, and provides a great night life. The business generates over 1 million in annual sales and the income represents 50% in food sales and 50% in liquor sales with a substantial net income for the owner. A very valuable liquor license with a real value of $450,000 is included in the sale. Seller will finance to a qualified purchaser. Please contact our office for further details.

Facilities: Large facility consists of 7,965 square feet with an indoor seating capacity for over 400 customers. There are 2 commercial kitchens and the seller also hosts private parties and catering. An existing lease with an additional 5 year option is available for transfer. The sale inlcudes private parking spaces for approximately 200 vehicles and a valuable liquor license.The monthly rent including cam charges is approximately $7,500.

Competition: This business has been established for close to 50 years and is somewhat of a town landmark. It has very little competition in the surrounding areas.

Growth/Expansion: There is plenty of room for additional sales with marketing and promotion to the surrounding communities and extended areas.

Seller Financing Available: Yes

Financing: Seller will finance with approximately 35% down

Support/Training: Seller will provide a complete review and training period. Sale is subject to the successful transfer and approval of the liquor license.

Reason Selling: Retirement