Popular Restaurant Saloon

Hunterdon County, NJ

Seller Financing Available
Popular Restaurant Saloon
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: $600,000

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Rent: $6,000 /Month

Established: N/A

Popular Restaurant Saloon

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Business Description

Wonderful business opportunity for this upgraded restaurant saloon on six beautiful acres and located in Northern New Jersey, Hunterdon County, NJ. The facility is located conveniently near Route 78 and State highway 22 and on an active county road. The business has a consistent net income to the owner operator. The facility has been recently remolded with a huge bar, modern kitchen and upgraded bathrooms. The sale includes a wonderful outdoor pavilion and park like setting with an outdoor capacity for three hundred and fifty customers, which is occasionally used for private events during the appropriate seasons. The saloon has entertainment approval with live music groups, dancing, Karaoke and sports TV’s which attract many patrons. The sale includes the business, liquor license or a lease and property. This is a solid opportunity priced aggressively and below market value with owner financing. The facility has a legal capacity for 139 customers consisting of 3,000 sq. ft., on one main floor with a storage basement. The facility also has an outdoor pavilion and a huge outdoor area for an additional 350 patrons. The business has substantial private parking for seventy-five vehicles which is on site. The business is operational seven days per week with hours from 4:00 pm to 3:00 am. The business has a New Jersey State consumption liquor license and is additionally approved for live entertainment. This Restaurant Saloon business has a full staff of eight experienced employees who are unaware of the pending sale and expected to remain post-closing. The business past yearly income has an estimated at approximately $600,000. The price has been set aggressively for either the business with liquor license or as a package sale through sellers realtor. Viewings are by appointment only, employees are not aware of the pending sale and photo may not represent the particular business.

Detailed Information

Location:
Hunterdon County, NJ
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located conveniently off State Highway 78 on an active county road in Hunterdon County, New Jersey. The business is near the NJ & Pennsylvania border which attracts a substantial customer base. The facility consists of approximately 3,000 square feet in a fully upgraded building with a clean modern appearance. The building has a large commercial kitchen, a huge rectangle bar, newer bathrooms, large dance floor and a separate stage area.
Competition:
The business has no nearby similar or competitive restaurants saloons and the seller will supply a non compete agreement to the new operator.
Growth & Expansion:
The business has no marketing, a poor website, limited entertainment which if adjusted can improve the substantially improve the gross sales.
Financing:
Seller financing is available to qualified buyer
Support & Training:
The seller will supply a full transitional period and remain 30 days post closing.
Reason for Selling:
Owner is retiring after many years in the industry.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
Customer Service

Regal Consulting Corp.

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