Business Summary:
Popular Bar Restaurant located in an active urban area of
Union County, NJ. This bar lounge has existed for many years with substantial success to the various owners. This 2,600 square foot facility has been designed for a large customer capacity consisting of a modern bar and separate seating areas. The sale includes a valuable consumption liquor license, commercial kitchen, POS system, sound / lighting system and various equipment required for this industry. The facility has a legal capacity for 123 customers consisting of 2,600 sq ft; however the business has frequently had 200 customers. The business has some private parking on the site and substantial municipal parking. The business is presently operational five days weekly, Tuesday - Saturday with hours from 4:00 am to 2:00 pm. The business has a Consumption Liquor License and municipal entertainment approval. The business has a long term commercial lease with a monthly rent of $4,895. The business has a full staff of experienced employees, unaware of the pending sale and expected to remain post closing. The business is very attractive and fully modernized with state of the art lighting and sound systems. This business is approved for live entertainment and is well known for its music and night life. The facility has a full commercial kitchen with a capacity for high volume production. This is a solid business opportunity with substantial growth potential to the new owner.
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| Year
Business was Established: 1965 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
The facility consists of 2,600 square feet and in a commercial setting on a very active avenue. The interior has been fully upgraded with a modern attractive image, high ceilings, a full bar and lots of private seating. The business has a large commercial kitchen a full basement and clean modern toilet facilities. |
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| Potential
Growth/Expansion:
The business requires an improved marketing plan, new venue and an upgrade to the food menu to further develop and obtain high net profit to the owner operator. |
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| Competition:
No other similar Bar Restaurants are in this particular area and the seller will supply a non compete agreement to the new operator. |
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| Owner
willing to finance:
Seller financing is available to qualified buyers |
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| Owner
willing to train:
The seller will supply a full transitional period and remain thirty days post closing. |
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| Reason for selling:
The sale is due to an amicable partnership separation. |
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Seller Reference Number: BAR335
BusinessMart.com Listing Number: 115984 |
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