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Restaurant in Middlesex Cty. for sale in Middlesex County, NJ

Middlesex County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 225,000 Undisclosed Undisclosed

Furniture and Fixtures Value:
$ 225,000 (included in the asking price)

Inventory Value:
$ 1,000 (not included in the asking price)

Business Summary:
Exceptional business opportunity to own this modern fully upgraded pub restaurant in an affluent area of Middlesex County, New Jersey. The sale includes a valuable liquor license, commercial kitchen and a turn key operation. Additionally, the seller will supply an option to purchase the property at fair market value. The business is in a highly-populated county with a large population of potential customers. The bar is presently closed due to the owner’s retirement / absenteeism. This is a very well-known building with a wonderful history of success. This is a dependable business opportunity and based on the asking price, required down payment and projected yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. This particular service industry requires New Jersey State government licensing approval to purchase due to the ownership of the liquor license. The business is presently closed; however, it did have a full staff. The sale will offer a ten-year commercial lease which will expire 2028-01-01 plus additional options, with a monthly rent of $5,000, triple net, cost per square foot is estimated at $25.00 and rent security of approximately $5,000. The business has an estimated capacity for one hundred twenty-two customers. The facility has appropriate private parking on site as part of the commercial lease. This restaurant bar business operation was active seven days per week, with hours from 4:30 pm to 2:00 am. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. All viewings are by appointment only and photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 1974
   
Facilities / Terms of Lease: This most unusual business opportunity is in Central New Jersey, and in the Middlesex County area, which consists of various affluent and highly populated communities with continued demand for this industry. This successful retail facility which consist of 2,400 square feet has been recently upgraded with a modern attractive appearance. The business facility consists of a free-standing building on an active commercial avenue with many other active and successful businesses.  
   
Potential Growth/Expansion: The business presently has a limited marketing plan, poor web site and if improved can further develop the business yearly gross sales.  
   
Competition: Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.  
   
Owner willing to finance: Possible owner financing.  
   
Owner willing to train: The owner is now the landlord who continues to be absentee and limited training is available to the purchaser.  
   
Reason for selling: Owner is retiring and is now the landlord.  
   
Seller Reference Number: REST522
BusinessMart.com Listing Number: 210721
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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