Restaurant Lounge & Property In Hunterdon County For Sale

Business description

Popular Sports Bar Restaurant with Live entertainment located in Hunterdon County, New Jersey. This long standing successful Inn is well known for its cold Beer, good service with a basic American menu. The sale includes the real estate with three additional rentals with a gross income of $41,400 yearly. The seller will finance the sale with an appropriate down payment. This Pub restaurant offers excellent food, drink and is very well known in the general area as a place to meet and enjoy. The facility consists of 3,000 square feet, with a large rectangular full bar, a commercial kitchen and large basement. The facility has a seating capacity for 125 customers with separate area for private service. The owner is retiring after many successful years in the industry and will supply a new operator a long term transitional period. The sale includes the real estate which is 3.92 acres, with an assessed value of $667,900, located on a major state highway with a high volume of drive
by traffic. This business sale includes of a Consumption Liquor license, live entertainment approval which represents a substantial value. The sale includes a full commercial kitchen, valuable liquor license, refrigeration, POS computer system, numerous displays, etc. The building has a legal capacity for 125 customers consisting of 3,000 square feet. The location has substantial private parking for approximately 100 vehicles. The business is active seven days per week, hours 11:30 am to 2:00 pm. The business has a New Jersey State issued consumption liquor license and a municipal certificate of occupancy for live and adult entertainment. Excellent business opportunity.

Property information

Real Estate:

Real Property Included

Premises details:

The facility consists of 3,000 square feet, with three rentals consisting of $41,400 yearly income. The business has lots of private seating in an attractive environment. The business has separate areas in order to accommodate private parties and different venue.

Other information

Expansion potential:

The present business does not have a marketing plan and does not have a web site, The business needs a face lift and an upgraded food menu which if instituted can substantially improve the business income.

Competition / Market:

Due to the non availability of any new liquor licenses, approval for Live entertainment, highway location, and no other similar competitors exists in this general area.

Support & training:

Seller will offer training to the new operator and will remain post closing for sixty.

Reasons for selling:

The owner is retiring after many successful years in the restaurant pub industry.

Trading hours:

Seven Day Operation
11:30 am to 2:00 pm

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:

$3,000 (included in the asking price)

Related documents:

• 
• Document