Business Summary:
A Bar & Night Club offered with the real estate property and located in a prime area of Passaic County, New Jersey. This facility has existed for 50 years and consists of a first floor sit down Restaurant and a second floor Banquet and Lounge area. The Business is very popular with the nearby communities and often provides live entertainment with Dance Nights with live band performances. The owner has elected to retire out of the industry and will train a new owner. This opportunity includes a full Liquor License with an estimated value of $150,000. An excellent opportunity to own a well known and established business!
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| Year
Business was Established: 1958 |
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| Number of Employees:
10 |
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| Facilities / Terms of Lease:
Facility consists of 6,800 square feet with an indoor seating capacity for 254 customers. The seller has elected to market the business with the real estate property included. The real estate purchase is available through our real estate division. A valuable liquor license is included in the sale. |
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| Potential
Growth/Expansion:
With a new marketing and advertising plan this business can be substantially improved for a greater income. |
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| Competition:
No similar competitors exist in this particular area. |
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| Owner
willing to finance:
Financing is available for a qualified purchaser |
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| Owner
willing to train:
Seller will provide a full due diligence and transitional period. Subject to the successful transfer and approval of the liquor license. |
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| Reason for selling:
Retirement |
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Seller Reference Number: BAR147
BusinessMart.com Listing Number: 72307 |
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