Successful Bar/Tavern in Prime Hudson County Location

Bayonne, NJ (Hudson County)

Front facade of both properties

Asking Price:$450,000

Cash Flow:$165,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$1,000,000

Established:N/A

Successful Bar/Tavern in Prime Hudson County Location

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Business Description

Successful Bar/Tavern with loyal following.
Prime double lot 2 story property, easily expandable to 3 stories.
2 blocks from Light Rail Station.
All inventory included.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
10,000
Employees:
6
Facilities:
Prime double lot at corner, in prime area of Avenue E. Just 2 blocks from the Light Rail Station! Across the street from SilkLofts. +++ Successul Tavern. Turn-key operation. includes Liquor License, all F&Es, plus stock inventory. +++ Property includes: 2 lots: 25x100' each. Corner lot on Avenue E, just 2 blocks from Light Rail Station! 2-story multi-family buildings with 4 2-bedroom rentals. Strong rent-roll. Can be expanded to 3-8 stories. Prime corner lot on Avenue E and 18th Street. Two blocks from Light Rail Station. South & East facing Double lot included in the sale for total price of $1,450,000
Competition:
Bar/Tavern on one of the most desirable Avenues in Bayonne. Just 5 minute walk to Light Rail Station. Busy street. minor competition in large radius. The only Tavern with entertainment stage, huge outdoor patio terrace. Very successful established tavern. Double lot rental properties are included in the sale, which increases Cap Rate and brings in additional revenue. Growth in this area has grown dramatically every year, due to demand for Hudson County prime real estate near Light Rail Stations
Growth & Expansion:
Expanded food delivery service and improvements to the terrace would increase traffic and revenue. This is in the planning stages.
Support & Training:
Yes. Training is offered to new owner for seamless transition and success of new owner.
Reason for Selling:
Intends to move to North Carolina

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John Woldin

Business Listed By:
John Woldin

Realty One Group Legend

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