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Business for Sale Summary

Bar/Restaurant (Property by Owner) in NJ - 31948

Business Type: business with property available,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
Owner Financing
Bar/Restaurant (Property by Owner) in NJ
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This business has received 186 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $1,520,000 Down Payment $1,520,000
Gross Revenues $2,176,738 Lease Remaining Register Free to View
Owner’s Cash Flow $334,835 Number of FT Employees Register Free to View

Financing

$1,520,000 Down and The listing will qualify for SBA financing with at least 30% down. BUSINESS. LIQ. LIC. AND PROPERTY MUST BE PURCHASED TOGETHER.

Business Description

Stand Alone Bar/Rest/Liq. Lic. & Property. The business and liquor license are asking $1,520,000. The property must be purchased as well, directly through the owner, for an additional $1,510,000. Total ask price of $3,030,000.00 Phenomenal growth in 2021 and 2022! This is a prime corner location in the middle of a very busy area. They have fantastic reviews and offer traditional American fare. In the past year the business grossed approx. $2,176,737.58 with a net cash flow of approx. $334,835.12 for an owner/operator. These are verifiable financials. The business is fully staffed with 20 employees. The purchase price breaks down as follows, the F,F&E, goodwill, and liquor license for $1,520,000 and the stand alone property (with private parking lot) for $1,510,000 direct from the owner. The owners keep excellent financial records. As such, the business will qualify for SBA financing with approx. 30% down ($866K). We are seeking a serious and financially qualified buyer with at least $909K in liquid funds, good credit, collateral and industry experience. Proof of funds will be requested. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.