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Bar & Grill In Hotel

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $1000000
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1960
Number of Employees  1 - 3
Inventory  375000 Equipment & 1000 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Due to the expiration of the previous lease the restaurant is closed no training is available.
Reason for Sale  The lease expired with the previous tenant.
Description  Very popular bar and restaurant located in a recently remodeled hotel chain in Bergen County, NJ. The landlord is leasing the facility at a reduced rent with key funds and the transaction includes the valuable liquor license. The business is located on a major state highway with a huge volume of traffic and surrounding attractions. The area consists of professionals who require this service. This popular restaurant is presently closed, but offered a quality range of food, drinks and live entertainment including room service and breakfast to its hotel guests. The business can accommodate 200 patrons inside, and features an outside renovated patio & bar with a capacity for ninety patrons. The business has a loyal client base, as well as business from a large number of guests occupying the hotel. This was considered to be one of the best restaurants / lounge clubs in Northern New Jersey that must be seen to fully appreciate. The 6,000 square foot facility has a private free standing entrance and direct access from the hotel lobby. The facility has a large wood burning fire place, a huge bar and ample seating. The business also has an external patio with a capacity for ninety customers which is approved for outside drinking and smoking. The facility also has a dance floor, DJ box and high capacity commercial kitchen. Located in an ultra modern Hotel in an urban upscale area of Northern New Jersey, on a state highway with a large population who require this service.
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