Restaurant And Lounge Club In Camden County For Sale

Business description

Impressive, highly popular Restaurant Lounge located in a
prime upscale community of Camden County, New Jersey.
The facility is located on a high traffic county road with easy
access to major highways and outlets. The facility boasts an
outstanding 14,000 square feet, with a huge indoor seating
capacity, an unusual commercial kitchen and multiple plasma
TVs for sports viewing. The facility is free standing with a
modern, attractive image and provides its patrons a fun
festive atmosphere. The business is approved for live
entertainment and due to its size can be easily altered into any
venue possible. The facility interior has been upgraded over
the past few years with additional sections including an
outdoor patio for dining and TV viewing. The facility includes a
large parking lot for 150 vehicles which can be substantially
increased with valet parking. The business is presently used
as a very popular Steak House Restaurant Bar with a weekly
Sunday Brunch. However, with an alteration into a Night Club/
Restaurant, the transition would be minimal due to the present
design and layout. The business is fully equipped with a
commercial kitchen, 22 plasma TVs, walk in boxes, numerous
displays, POS computer system, sound system, phone
system, etc.The building has a legal capacity 375 customers
on one main floor with a full basement. Approximately two
hundred private parking spaces is part of the lease
agreement. The business is active seven days per week,
Monday to Thursday 3:00 pm to 11:00 pm weekends to 2:00
am. The business has a valuable consumption Liquor license
and entertainment license. The sale includes a new 15 year
lease with a monthly rent of approximately $12,000-triple net.
The seller will also provide an option for purchase of the real
estate. This is a solid business opportunity with great potential
for further growth which must be seen to be fully
appreciated!

Property information

Location:

The facility consists of 14,500 square feet, free standing with an ultra modern image and commercial kitchen. The facility is clean ultra modern with a beautiful design and has a 10,000 square foot basement which is used for storage and supplies. Located in an upscale community and commercial area on a very active county road of Camden County, NJ. The general area has a huge number of commercial businesses which attract large volumes of shoppers and workers.

Business Operation

Expansion potential:

The business can be further improved with a successful marketing plan and offering live music and entertainment.

Competition / Market:

Due to the size and location of the facility and wonderful menu no other competitors exist in the general area. Also seller will supply a non compete agreement to the purchaser.

Reasons for selling:

Alternative business and cannot devote the required time.

Employees:

12

Years established:

2000

Other information

Support & training:

The seller will supply a transitional period and remain post closing for 60 days.

Owner financing:

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

Financing available:

Seller financing is available for a qualified purchaser.

Furniture / Fixtures value:

$175,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)