Morris County, NJ Bars, Pubs and Taverns For Sale

Bars, Pubs and TavernsNew JerseyMorris

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4 Years New on Busy State Highway in Affluent Town!4 Years New on Busy State Highway in Affluent Town!
$3,800,000
4 Years New on Busy State Highway in Affluent Town!4 Years New on Busy State Highway in Affluent Town!

Morris County, NJ

4 years young! This turnkey Bar and Restaurant is ready for a new owner! Large bar, outdoor patio and high volume liquor sales. This beautiful turnkey restaurant is located on busy state highway with high traffic counts. Average household income is $150,000+ Excellent opportunity with real estate, thriving business, liquor license and all furniture, fixtures and equipment.

Morristown Liquor License for Sale!Morristown Liquor License for Sale!
Morristown Liquor License for Sale!Morristown Liquor License for Sale!

Morristown, NJ

Inactive "pocket" 33 Liquor License for Sale in Affluent Morristown!

Bar & Grill Restaurant
$275,000Seller Financing
Bar & Grill Restaurant

Morris County, NJ

Solid opportunity to own this attractive profitable bar/restaurant in Northern New Jersey, Morris County. The business continues to supply a consistent income to the owner operator and can be further improved with a marketing plan. For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase or operate in addition to the standard required municipal licenses. The business transaction has an assignable commercial lease which expires 2025, plus additional options available, with a Net monthly rent of $3,400, plus cam, cost per square foot is estimated at $22.67 and rent security of approximately $7,500. This well-known Tavern business operation is active seven days per week, with hours from 4:00 pm to 2:00 am. The 2018 yearly gross income represented by the seller owner is $275,000 and the business has a growing yearly net income which is based on an onsite owner operator and prior to any debt service. The 2019 gross income is expected to be similar to the previous year. Also, due to the possibility of non-disclosed income, a formal due diligence is recommended by the purchaser. The business has been valued / priced at $275,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.


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