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Businesses For Sale > Business For Sale in Hunterdon County, New Jersey (NJ)

Restaurant Lounge & Property for sale in Hunterdon County, NJ

Hunterdon County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 995,000 $ 350,000 $ 100,000

Furniture and Fixtures Value:
$ 375,000 (included in the asking price)

Inventory Value:
$ 3,000 (included in the asking price)

Real Estate:
(included in the asking price)

Business Summary:
Popular Sports Bar Restaurant with Live entertainment located in Hunterdon County, New Jersey. This long standing successful Inn is well known for its cold Beer, good service with a basic American menu. The sale includes the real estate with three additional rentals with a gross income of $41,400 yearly. The seller will finance the sale with an appropriate down payment. This Pub restaurant offers excellent food, drink and is very well known in the general area as a place to meet and enjoy. The facility consists of 3,000 square feet, with a large rectangular full bar, a commercial kitchen and large basement. The facility has a seating capacity for 125 customers with separate area for private service. The owner is retiring after many successful years in the industry and will supply a new operator a long term transitional period. The sale includes the real estate which is 3.92 acres, with an assessed value of $667,900, located on a major state highway with a high volume of drive by traffic. This business sale includes of a Consumption Liquor license, live entertainment approval which represents a substantial value. The sale includes a full commercial kitchen, valuable liquor license, refrigeration, POS computer system, numerous displays, etc. The building has a legal capacity for 125 customers consisting of 3,000 square feet. The location has substantial private parking for approximately 100 vehicles. The business is active seven days per week, hours 11:30 am to 2:00 pm. The business has a New Jersey State issued consumption liquor license and a municipal certificate of occupancy for live and adult entertainment. Excellent business opportunity.

 

   
Year Business was Established: 1965
   
Number of Employees: 7  
   
Facilities / Terms of Lease: The facility consists of 3,000 square feet, with three rentals consisting of $41,400 yearly income. The business has lots of private seating in an attractive environment. The business has separate areas in order to accommodate private parties and different venue.  
   
Potential Growth/Expansion: The present business does not have a marketing plan and does not have a web site, The business needs a face lift and an upgraded food menu which if instituted can substantially improve the business income.  
   
Competition: Due to the non availability of any new liquor licenses, approval for Live entertainment, highway location, and no other similar competitors exists in this general area.  
   
Owner willing to finance: Seller financing is available for a qualified purchaser.  
   
Owner willing to train: Seller will offer training to the new operator and will remain post closing for sixty.  
   
Reason for selling: The owner is retiring after many successful years in the restaurant pub industry.  
   
Seller Reference Number: BAR339
BusinessMart.com Listing Number: 113170
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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