Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

Asking Price	$795,000	Inventory	$22,000**
Gross Income	$1,750,000	Real Estate
Cash Flow	$244,000	Year Established	2009
FF&E	$545,000*	Employees	25

* included in the asking price

** not included in the asking price

NO RENT INCREASE for first THREE YEARS on new lease. Rent $73,008 includes management agreement of premises liquor license valued at over $780,000. When this sports bar first opened up the figures constantly over $35,000 per week. Then inexperience over shadowed operation and figures dropped excessive food cost (absentee run business) high bar cost are inherent in this operation. At present, run by 3 managers each receiving salaries of over $35,000 annually. Interior of pub is first rate with 18 TV s, 5 projector screens, strobe lighting, and all sorts of electronics and amps. All equipment including the kitchen is practically new. Sports bar located at end location facing entrance to large mall with plenty of parking. Interior of facility well planned, 195 seating including large square bar seating 45. Any advertising done was directed the wrong way not showing place as a restaurant sports bar. Any buyers with a slight knowledge of this type of operation can easily bring back business. (Did over $35,000 weekly when first opened Establishment has never gone thru a football season (has NFL TV complete package). $35,000 per week during this period of year can easily be surpassed even with the inexperienced management team in place. Excessive food and liquor cost can easily be brought down. Last week business did $36,235.93 up from $32,853. For further information, please contact 908-851-9040 Ext. 285.

Facilities: Almost new 4,800 sq. ft. facility management agreement on liquor license valued at $780,000 end location in huge L shaped mall, plenty of parking NO RENT INCREASE FOR THREE YEARS.

Competition: Only top notch sports bar themed restaurant for miles other facilities cater to much younger crowds

Growth/Expansion: Restaurant/owner expertise at present management of this completely run absentee with high food and bar cost is managed by three managers pulling down $35,000 salaries annually

Financing: Owner would extend a note of $295,000 negotiable as to interest and time.

Support/Training: Two weeks

Reason Selling: Partners disagree