Bar and Restaurant for Sale in Hudson County, NJ - 35807 Business Type: bar/tavern/night clubs,misc. service/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $2,100,000 | Down Payment | $800,000 |
| Gross Revenues | $1,900,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $270,000 | Number of FT Employees | Register Free to View |
Financing
$800,000 Down and Balance of $1.3M for 120 months @ 8%
Business Description
Substantial Seller Financing.
Full Liquor License.
Profitable Café Included.
Restaurant Property is Optional,
Long-Term Lease at about 50% of Market.
In the heart of the most gentrified section of Hudson County, sit two restaurants: one a high-end destination restaurant, bar and grill featuring South American cuisine with a European touch.
The restaurant enjoys a full liquor license equipped with 36 beer taps and a choice of 24 beers, and boasts a wide array of wines, liquors and cordials.
There is private dining seating for private parties of 50 or more, seating in the main dining room for 64 patrons and outdoorseating for another 50 guests who walk daily through the promenade.
The other restaurant is a Portuguese breakfast and brunch café that enjoys a 4.5-star rating from more than 100 reviews. Described by one satisfied patron as an ‘incredible gem in downtown…’ Delicious eating that features an extensive menu of coffees, breakfast foods, sandwiches, soups, cakes and pastries.
The restaurant revenues are up 23% YTD and the Café is up 16% YTD both over CY2022.
Three partners are headed their separate ways.
For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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