Restaurant Property & Liquor License For Sale
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $800000
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 10 - 19
Inventory 450000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will supply a full transitional period to the new operator and will remain post closing for sixty days.
Reason for Sale Retiring after many successful years in this particular industry.
Description Successful Popular Restaurant Lounge Banquet facility in a wonderful area of Middlesex County, NJ. The sale includes a successful restaurant business on a one acre site with an attractive and elegant image. This restaurant has a consistent gross income of $800,000 with substantial room for growth by instituting an improved marketing system. The restaurant has a full commercial kitchen, valuable liquor license and various equipment required for a full service restaurant business. The building has a legal capacity for 138 customers and 3,200 square feet. Adequate private parking is available and part of the sale. The business is active six days weekly, closed Sunday, offering lunch to 10:00 pm. The business has a valuable New Jersey State issued consumption liquor license. The liquor license which is included in the sale has a real value of $375,000 and the real estate taxes are $15,000. The present owner has elected to retire out of the industry and will supply a full transitional period and offer financing to a qualified buyer. This is a solid opportunity for a highly profitable and successful restaurant.
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