Wonderful business opportunity for this upgraded restaurant saloon which includes the business and property on multiple beautiful acres and located in Northern New Jersey, Hunterdon County, NJ. The facility is located conveniently near Route 78 and State highway 22 and on an active county road. The business has a consistent net income to the owner operator. The facility has been recently remolded with a huge bar, modern kitchen and upgraded bathrooms. The sale includes a wonderful outdoor pavilion and park like setting with an outdoor capacity for three hundred plus customers, which is occasionally used for private events during the appropriate seasons. The Saloon has entertainment approval with live music groups, dancing, Karaoke, and sports TV’s which attract many patrons. The sale includes the business, liquor license a lease and or the property. This is a solid opportunity priced aggressively and below below market value with owner financing.
- Asking Price:
- $450,000 (USD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $700,000 (USD)
- Cash Flow:
- $100K - $250K (USD)
- Real Estate:
- Lease Terms:
Ten year term plus option.
- Leasehold Rent:
$72,000 (USD) per annum
- Lease Rent:
- $24 (USD) per sq ft per annum
The business is located conveniently off State Highway 78 on an active county road in Hunterdon County, New Jersey. The business is near the NJ & Pennsylvania border which attracts a substantial customer base.
- Premises Details:
The facility consists of approximately 3,000 square feet in a fully upgraded building with a clean modern appearance. The building has a large commercial kitchen, a huge rectangle bar, newer bathrooms, large dance floor and a separate stage area.
- Size in square feet:
- Expansion Potential:
The business has no marketing, a limited website, which if adjusted can improve the improve the gross sales.
- Competition / Market:
This restaurant business has no nearby similar or completive restaurants saloons and the seller will supply a non compete agreement to the new operator.
- Reasons for selling:
Alternative business out of the area.
- Trading hours:
Days & Hours: The business is operational seven days per week with hours from 4:00 pm to 3:00 am.
- This business has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll to be supplied.
- Years established:
- Support & training:
The seller will supply a full transitional period and remain 30 days post closing.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
Owner financing is available.
- Furniture / Fixtures value:
- $250,000 (USD) - included in the asking price
- Inventory / Stock value:
- $5,000 (USD) - included in the asking price