Restaurant and Bar Owner Anxious to Sell (Property,C-lic+ equip)

Monmouth County, NJ

Restaurant and Bar Owner Anxious to Sell (Property,C-lic+ equip)

Asking Price:$1,350,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$50,000

Inventory:$10,000

Real Estate:$1,200,000

Established:2006

Restaurant and Bar Owner Anxious to Sell (Property,C-lic+ equip)

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Business Description

Owner anxious to sell Restaurant and Bar in Monmouth County, located on a busy county road with nearby access to GSP and other NJ highways. With a busy local train station, Commuters find it convenient to stop by for evening refreshments and/or a home-style meal. Restaurant features outdoor seating both in front and at side of building. Inside dining can be more intimate. There is a dance area for weekend patrons. The building is 6,000 sq. ft. with a parking lot that accommodates at least 28 vehicles, on this half acre lot.

The building has a full basement with a business office, a storage area and a walk beer box refrigerator. The kitchen is full service and features a walk-in freezer. The opportunity exists to improve cash flow with a steady lucrative stream of monthly rental income from the second level by creating one or more apartments units. We noted earlier this is a popular commuter town.

We estimate the value of the building and land to be in the $1.2 million range. The value of the C-license is in the $300,000 range. The business value is in the $200K range for its cash flow, equipment and inventory. Total Value is approx. $1,700,000 asking $1,350,000.

Owner/Seller highly motivated to make a deal. All reasonable offers will be considered. Only serious buyers should inquire.

Hours of Operation: The restaurant and bar is open 7 days per week (86 hours).

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building is 6,000 sq. ft. with a parking lot that accommodates at least 28 vehicles on a half acre lot.
Support & Training:
Sufficient for a smooth transition
Reason for Selling:
Concentrate on other business interests.

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Ron Bird

Business Listed By:
Ron Bird

Martin H. Hochadel Agency

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