Restaurant/Sports Bar/Banquet Facility

Jamesburg/Monroe, NJ (Middlesex County)

Seller Financing Available
Restaurant/Sports Bar/Banquet Facility

Asking Price:$599,000

Cash Flow:N/A

Gross Revenue:$500,000

EBITDA:N/A

FF&E:$250,000

Inventory:N/A

Established:1971

Restaurant/Sports Bar/Banquet Facility

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Business Description

This magnificent restaurant and pub was a music venue for 40 years. it has catered to so many talented and well known artists that even the most critical music fan would be impressed. this well established restaurant and pub has great food and atmosphere. it sits on 10 acres where you could do outside events. the liquor license can be used on all ten acres. the owner wants to sell the building and property and would hold the note at $4.2 million. he is also interested in just leasing the building and property and giving you an option in the future on the purchase of the property with financing. he is asking 350k for the liquor license and 250k for the furniture fixtures and equipment. the restaurant is 8000 square feet. seating for 250 inside with a patio seating an additional 60. the owner has had this treasure since 1971 and is ready to retire. he would like $8000 for rent. so many possibilities here.

Detailed Information

Employees:
10-12 p/t
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free Standing Building sits on 10 acres. Liquor License can be used on all 10 acres. Indoor seating for 250 and Patio seating for 60. Facility is 8000 Square Feet. Many Famous music artists have performed here.
Financing:
negotiable
Support & Training:
2 weeks
Reason for Selling:
owner is retiring after 40 years of operation.

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Ricky Macaluso

Business Listed By:
Ricky Macaluso

National Restaurant Properties

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