Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$75,000	Inventory	$5,000*
Gross Income	$250,000	Real Estate
Cash Flow	$125,000	Year Established	1975
FF&E	$295,000*	Employees	4

* included in the asking price

** not included in the asking price

A modern Lounge Restaurant business located in a prime area of Essex County, New Jersey. This unique transaction represents a lease sale and the price is limited to key funds of $75,000 as an appropriate security deposit. The lease sale includes the existing business assets, use of a consumption liquor license, an ultra modern, fully equipped facility and 150 car parking. The facility is 3,300 square feet and consists of two floors including a separate room for private Banquets & Catering. The business has a large bar, a commercial kitchen, modern bathrooms and multiple entrances. The present owner is also the landlord and owns multiple businesses, therefore cannot effectively maintain this business. The business has a long history of success and is well known in this particular area. All equipment including the kitchen is in excellent condition. This is a great opportunity to own a well established combination Restaurant Lounge & Catering business.

Facilities: The facility is absolutely stunning with 3,300 square feet, two floors with a large public parking lot for 150 vehicles. The facility has a huge kitchen with bathrooms and a private room for 35 customers. The proposed rent is $7,000 triple net. Sale is subject to the successful transfer and approval of the liquor license and also subject to its continued use only at this location.

Competition: No other immediate competitors exist in this particular area.

Growth/Expansion: With onsite ownership this business can be substantially developed.

Support/Training: Seller will supply any assistance possible.

Reason Selling: Multiple businesses throughout the area.