Business Summary:
Beautiful Restaurant with liquor license located at the
Montclair Bloomfield area with owner financing with only
$50,000 down payment and seller financing. The business
has been priced based on the value of the liquor license. This restaurant lounge is beautifully designed with a very
attractive flair, lots of wood and an elegant design. Due to
family responsibilities and children the owner has elected to retire from the industry. The restaurant is presently
functioning with a South American Cuisine and can be altered
to any menu style desired by the new owner. The business
can also be altered strictly as a Lounge with a light food
menu. The business is located on an active avenue with many
other commercial retail businesses. The sale includes a full
commercial kitchen, valuable liquor license, refrigeration, POS computer system and numerous displays, etc. The building
has a legal capacity for 40 customers consisting of 1,250
square feet. Adequate municipal and private parking is
available and at this location. The business is active six days per week, (Monday), hours 5:00 pm to 10:00 pm. The
business has a valuable New Jersey State issued consumption liquor license. The sale includes a ten year lease term with a modest monthly rental of $2,290. The facility has a large modern commercial kitchen fully capable of high production. This is solid opportunity due to the specific location and the owner financing with a moderate down payment. Should be seen to appreciate.
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| Year
Business was Established: 1980 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
The facility consists of 1,250 square feet with a seating capacity for 44 customers. The business has a small bar, a large professional kitchen and is elegantly designed and beautifully decorated. Located in an upscale community of Essex County, NJ at the Montclair / Bloomfield boarder. The business is close to the Garden State Parkway and numerous county roads. |
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| Potential
Growth/Expansion:
By altering this restaurant to a Lounge business this excellent location and beautiful designed facility can substantially increase the gross sales. |
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| Competition:
Due to the non availability of any new liquor licenses, no other competitors are possible and seller will supply a non compete agreement at closing. |
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| Owner
willing to finance:
Seller financing is available with $50,000 down. |
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| Owner
willing to train:
Seller will supply a long term transitional period to the new operator if required. |
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| Reason for selling:
Retiring after many successful years in this industry. |
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Seller Reference Number: BAR338
BusinessMart.com Listing Number: 112875 |
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on this business
please fill out the form shown right 
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