American Tavern & Sports Bar For Sale

Business description

This classic American Tavern and Sports Bar located in Essex County offers delicious casual dining combined with a fun and friendly atmosphere. The facility has been completely renovated recently and is ideal for watching sports and enjoying live entertainment. New ownership could grow Sales by being more involved and by expanding the hours of operation. This is a turn-key opportunity and financing is available.

Property information

Real Estate:

Lease

Lease terms:

Two (2) year lease with a Five (5) year option available.

Leasehold rent:

$31,200 per annum

Premises details:

This is a stand-alone building, the space is approximately 2,000 square feet; the facility has a functional layout and has been completely remodeled recently. There is seating for 96 persons and there is a full basement.
CONDITION: The building and tavern is in very good condition.
PARKING: There are 40 spaces plus on street parking
EQUIPMENT: The equipment is new and is of good quality.
LEASE TERM: Two (2) year lease with a Five (5) year option available.
BASE RENT: $2,600 per month NNN
CONCEPT: Tavern & Sports Bar
SEATING: 96 seats
HOURS: 4:00 PM –12:00 PM (Can be open for lunch and until 2:00 AM on weekends)
LICENSES: Full Liquor & Entertainment Licenses, Keno
SALES: Approximately $400,000 per year (55% alcohol)

Size in square feet:

2,500

Business Operation

Reasons for selling:

The Sellers have multiple business and are spread to thin.

Trading hours:

4:30 PM - 2:00 AM

Employees:

8

Years established:

2008

Other information

Support & training:

Training will be provided

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller Financing is Available

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$10,000