Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price	$395,000	Inventory	$3,500**
Gross Income	$425,000	Real Estate	Option Available**
Cash Flow	$100,000	Year Established	1985
FF&E	$175,000*	Employees	9

* included in the asking price

** not included in the asking price

A Restaurant Lounge business with a real estate option is located in the heart of a high traffic, commercial area in Hudson County, New Jersey. This successful, long standing Restauarant Lounge has music entertainment approval and the Restaurant specializes in Portuguese, Spanish and American cuisine. The facility has a specific Lounge area along with a formal dining room and a professional kitchen. The business generates high volume sales with an outstanding yearly net income of $100,000. The present owner will supply a long term lease with an option to purchase the real estate property, which available through our real estate division. A valuable liquor license is included in the sale. This is an excellent business with great potential for further growth!

Facilities: The facility consists of an ample dining room with a bar area and indoor seating for 125 people. The seller will supply a new fifteen year lease or an option to purchase the real estate property. The real estate purchase is available through our real estate division. A valuable liquor license is included in the sale. Private parking is also available and included in the sale. The monthly rent offered is $4,000.

Competition: No Restaurant Lounges with a similar menu exist in this particular area.

Growth/Expansion: With additional advertising to the nearby communities and updated marketing, the business can continue to grow further.

Seller Financing Available: Yes

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

Reason Selling: Retirement