Popular Bar And Restaurant In Union County For Sale

Business description

Popular Bar Restaurant located in an active urban area of
Union County, NJ. This bar lounge has existed for many years
with substantial success to the various owners. This 2,600
square foot facility has been designed for a large customer
capacity consisting of a modern bar and separate seating
areas. The sale includes a valuable consumption liquor
license, commercial kitchen, POS system, sound / lighting
system and various equipment required for this industry. The
facility has a legal capacity for 123 customers consisting of
2,600 sq ft; however the business has frequently had 200
customers. The business has some private parking on the site
and substantial municipal parking. The business is presently
operational five days weekly, Tuesday - Saturday with hours
from 4:00 am to 2:00 pm. The business has a Consumption
Liquor License and municipal entertainment approval. The
business has a long term commercial lease with a monthly
rent of $4,895. The business has a full staff of experienced
employees, unaware of the pending sale and expected to
remain post closing. The business is very attractive and fully
modernized with state of the art lighting and sound systems.
This business is approved for live entertainment and is well
known for its music and night life. The facility has a full
commercial kitchen with a capacity for high volume
production. This is a solid business opportunity with
substantial growth potential to the new owner.

Property information

Premises details:

The facility consists of 2,600 square feet and in a commercial setting on a very active avenue. The interior has been fully upgraded with a modern attractive image, high ceilings, a full bar and lots of private seating. The business has a large commercial kitchen a full basement and clean modern toilet facilities.

Other information

Expansion potential:

The business requires an improved marketing plan, new venue and an upgrade to the food menu to further develop and obtain high net profit to the owner operator.

Competition / Market:

No other similar Bar Restaurants are in this particular area and the seller will supply a non compete agreement to the new operator.

Support & training:

The seller will supply a full transitional period and remain thirty days post closing.

Reasons for selling:

The sale is due to an amicable partnership separation.

Owner financing:

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

Financing available:

Seller financing is available to qualified buyers.

Furniture / Fixtures value:

$270,000 (included in the asking price)

Inventory / Stock value:

$1,500 (included in the asking price)