Warren County Sport Pub Club With Real Estate For Sale

Business description

Well known Sports Bar, Club and Restaurant located in
Warren County, Northern New Jersey. The business offers
live weekly entertainment, great food / drinks and excellent
service. The business has a gross income of $400,000, 70%
of the sales represent liquor and a consistent net income of
$75,000. The business is actually fifty years young and very
well known in the general area it serves. The facility consists
of four thousand five hundred square feet with two levels.
The second floor consists as a private banquet party room
with a large outdoor deck and a capacity for seventy five
patrons. The business has a large rectangular bar, separate
dining area, and a ground level outdoor Ticki bar, dance floor
with a full capacity for 225 customers. The facility is on a two
acre site with a substantial private parking for seventy
vehicles. The business hours are most unusual with a last call
for final drinks at 3:00 am which actually attracts a large
volume of late drinkers and patrons. The sale consists of a
valuable consumption liquor license, commercial kitchen,
numerous bars, refrigeration units, ice machines, kitchen
equipment and all required equipment to maintain this
restaurant bar business. The building has a legal capacity for
240 customers, two floors and outdoor area. The site has
substantial private parking on the site and part of the sale.
The business is active seven day per week with hours from
11:30 pm to 3:00 am. The business has a NJ consumptions
liquor license and entertainment approval. The seller will
supply a five year, ten mile non compete to the new owner.
After many years in the industry the owner has elected to
retire and into an alternative opportunity, will train post
closing and offer owner financing. The business has a full
staff consisting of ten full and part employees that will remain
post closing.

Property information

Real Estate:

Lease

Location:

Located in Warren County New Jersey on an active State highway with limited competition and continued demand for this retail business.

Premises details:

The facility consists of 4,500 square feet on two floors with a full basement. The business is fully equipped and all equipment is in good working condition. The facility has various sections, including outdoor seating and a large separate dance floor.

Business Operation

Expansion potential:

With an improved marketing plan to further develop the food service and live entertainment this business can be substantially improved and developed.

Competition / Market:

No other similar retails restaurants with entertainment approval are in this area.

Reasons for selling:

The seller will remain post closing and supply a long term transitional period.

Employees:

10

Years established:

1970

Other information

Support & training:

The seller will remain post closing and supply a long term transitional period.

Owner financing:

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

Financing available:

Seller financing available to qualified buyers.

Furniture / Fixtures value:

$285,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)

Related documents:

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