Business Summary:
Beautiful Restaurant, Banquet facility or Bar with real estate located in Hunterdon County, NJ. This business has existed for many years as a successful banquet facility and popular restaurant lounge. The sale consists of a multi-service business due to the various venues that has existed at this location. The facility consists of a four acres site and five thousand (5,000) square feet interior. The seller is retiring from the industry and will assist new owner with the transition. This is a unique and attractive business that offers upscale banquet facilities and excellent service. The sale price has been set below the value of the real estate and liquor license. The property and equipment is in excellent condition in the offering and the Business benefits from its long standing, excellent reputation in the industry. The building square footage is 5,000 on the main floor with an indoor seating capacity for approximately 160 people and a full basement. The facility has a second floor area consisting of 1,200 square feet which is used as a private office and storage. The sale includes a valuable liquor license, commercial kitchen, refrigeration & freezers, and various equipment required to maintain this restaurant business. Substantial private parking is included in the sale of the transaction. The business was active seven days weekly, hours 11:00 am to 11:00 pm. The sale includes a valuable Liquor license and entertainment approval. The facility also has entertainment approval for live music which allows the business to function as a restaurant and club for an improved income.
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| Year
Business was Established: 1965 |
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| Facilities / Terms of Lease:
The facility consists of five thousand square feet on four acres of property. The business which is presently closed due to illness had previously functioned, as a breakfast lunch caf , for restaurant, Bar and Banquet facility. The facility includes a well equipped kitchen and all equipment is in excellent condition. |
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| Potential
Growth/Expansion:
The business requires new management and a new venue as either a restaurant or pub and with an improved marketing plan this company can be brought back to a successful business. |
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| Competition:
No other similar or competitive restaurants / pubs exist in this specific area and the seller will supply a non compete agreement to the purchaser. |
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| Owner
willing to finance:
Some owner financing is available to qualified buyers. |
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| Owner
willing to train:
The seller will remain post closing and supply a long term training period. |
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| Reason for selling:
Owner is retiring after many successful years in this industry. |
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Seller Reference Number: REST208
BusinessMart.com Listing Number: 115353 |
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