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The Wall Street Journal Online

Tavern/Restaurant

Essex County, New Jersey

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Seller Financing Available

Photo Available
Asking Price:
$350,000
Gross Income:
$700,000
Cash Flow:
$100,000
FF&E:
$15,000.00 *
Inventory:
$4,000.00 **
Real Estate:
$650,000.00 **
Year Established:
1982
Employees:
1ft/2pt
Business Types:
Bars/Taverns
Restaurants

** not included in the asking price

* included in the asking price

Business Description

Large 2,000 sq. ft. tavern/rest on heavily traveled street. Seats 70+30 in bar area. Liquor License valued at $100,000-125,000. Sales 80% beverage, 20% food. Real Estate also available-consists of 2-3 bedroom Apts and Tavern/Rest. Net Profit from building-$65,000 +/- . Landlord will give new buyer a 5 yr lease + 5 yr option. For further information please contact Howard Goldberg at 908-851-9040 Ext. 209.

Detailed Information

Financing:
5-7 years at prime rate
Support/Training:
Two weeks
Reason Selling:
Owned by a dentist doesn t have the time to work it any longer
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Broker Information

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Business For Sale Listed By

Howard Goldberg
Executive Business Brokers

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