Hotel Restaurant Lounge In Bergen County For Sale

Business description

Highly successful restaurant lounge in an ultra modern fully
remolded hotel chain in Northern NJ. The landlord is leasing
the facility which includes the liquor license at a reduced rent
with key funds. The business is located on a major state
highway with a huge volume of businesses and
professionals who require this food service. This popular
restaurant which is presently closed offered a quality range
food menu, drinks and live entertainment including room
service and breakfast. The business can accommodate 200
patrons plus an outside renovated patio & bar with a capacity
for ninety patrons. The sale includes a turnkey restaurant, NJ
state consumption liquor license, various refrigeration units,
POS computer system, full kitchen, large volume of equipment,
chairs, tables, numerous displays, etc, representing a
substantial value. The business has an indoor seating
capacity for 200 customers and is part of a 25,000 square
foot hotel building with direct access to the hotel lobby. This
sale includes substantial private parking is part of the lease
agreement and on site. The business remains closed and
operated seven days weekly from 11:00 am - 3:00 am. The
sale includes the use of a Consumption Liquor License and
entertainment approval. A 15 year lease is offered with a first
years monthly rent of $4,500. The business enjoyed an
excellent repeat client base, as well as business from a large
number of guests occupying the hotel. This was considered
to be one of the best restaurants / lounge clubs in Northern
New Jersey that must be seen to fully appreciate.

Property information

Real Estate:

Lease

Premises details:

The 6,000 square foot facility has a private free standing entrance and direct access from the hotel lobby. The facility has a large wood burring fire place, a huge bar and lots of seating. The business also has an external patio with a capacity for ninety customers which is approved for outside drinking and smoking. The facility also has a dance floor, DJ box and high capacity commercial kitchen.

Other information

Expansion potential:

The business has had many years of success and with a marketing plan and new venue this business will again develop into a highly successful restaurant & lounge.

Competition / Market:

Limited competition no other hotel restaurants with liquor are located in this general area.

Support & training:

Due to the expiration of the previous lease the restaurant is closed no training is available.

Reasons for selling:

The lease expired with the previous tenant.

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:

$375,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)

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