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

$Seller Financing Available

Asking Price	$259,900	Inventory	$8,000-$10,000*
Gross Income	Not Disclosed	Real Estate	None**
Cash Flow	Not Disclosed	Year Established	1996
FF&E	$140,000*	Employees	12

* included in the asking price

** not included in the asking price

Make Great Money Through This Well Established Business!!

Celebrities has been a well established bar in Haledon, NJ since 1996. It was completely renovated about 6 years ago and doubled in size. Celebrities caters primarily to the local college kids of William Paterson University and Montclair University along with the locals of Haledon. It has a very warm atmosphere unlike any other bar in the area. We hold many different events, from parties with celebrity hosts to theme parties of all kinds. This place is a great buy with an already established clientele. Come down to see the place for yourself!

Facilities: Capacity is 175 people. Everything inside is renovated and the sale includes all equipment to operate, inventory, furniture, DJ equipment, kitchen equipment, POS system, etc. Lease is a 15 year lease with the option to renew every 5 years. Rent is $2550/month. There is a parking lot in the back of the building.

Competition: There are a few other bars in the area nearby to our establishment. However, we attract a different clientele from our competitors. The other bars cater primarily to food and sports. We are more of a bar/lounge type of business with music and dancing. Although we do have a small kitchen, food is a small percentage of our sales. The location is a good one, since it's near the university.

Growth/Expansion: Although Celebrities cannot grow in size and capacity, sales growth can be very significant. By having just a few busy nights a week, the business will be very profitable. We have found that bringing in good promotors will always ensure a great party and profits. The sales profits can grow substantially through innovative ideas and events that will always keep the place more attractive than others.

Seller Financing Available: Yes

Financing: Negotiable

Support/Training: If the new buyer needs to be trained on the basics of how to run the everyday operations, we have a manager on staff that will help with that.

Reason Selling: Owners have other full time jobs and/or are moving out of the area