Pub Restaurant & Banquet Facility In Middlesex County For Sale

Business description

Family Style Restaurant Lounge and Banquet business
located in a wonderful area of Middlesex County, New
Jersey. This very successful and well known forth year old
business consists of 6,500 square feet located on two
beautiful acres of property. The business has an old world
attractive setting with additional outdoor seating. The
restaurant facility includes a huge wooden bar, a seating
capacity for forty customers and two separate additional
rooms with a seating capacity for 270 patrons with various
functions including in house catering. The business has
entertainment approval and over the past years has hosted
well known musical groups with substantial success. The
business has had a history of producing a substantial income
with various venue s which can be further developed with
new and on site management. One hundred plus private
parking area is part of the lease agreement. Days/ Hours Of
operation, Monday thru Sunday 11:00 am to 2:00 am. A
valuable consumption liquor license and entertainment
approval is included in this transaction. Lease Terms: The
seller has elected to sell / lease the business and supply an
option to purchase of the property and liquor license. The
seller will provide a new long term lease with a monthly rent
of $6,000 triple net. Many of the employees have been at the
business for many years, require a job and expected to
remain post closing. The business has a high capacity
commercial kitchen, refrigeration & freezers, liquor license
and various equipment required to function in this service
industry. The business is sold with a long lease and an option
to purchase the real estate.

Property information

Real Estate:

Lease

Location:

The restaurant is on a beautiful two acre site conveniently located on a busy county road of Middlesex County, New Jersey.

Premises details:

The facility consists of seven thousand (6,500) square feet, seating capacity for 270, with a large dinning room, separate lounge bar area, private banquet room, a professional kitchen and full basement.

Business Operation

Expansion potential:

The present owner is absentee and the business requires management, a marketing plan and internet presence.

Competition / Market:

No other similar competitors exist close to this particular business facility and the seller will supply a non compete agreement to the purchaser.

Reasons for selling:

Retiring after many successful years in this particular industry.

Trading hours:

Monday thru Sunday
11:00 am to 2:00 am

Employees:

10

Years established:

1975

Other information

Support & training:

The seller will supply a long term training period and remain post closing for sixty days.

Owner financing:

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

Financing available:

Seller financing available to qualified buyers.

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$2,000 (included in the asking price)

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