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
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $550,000 | Down Payment | $650,000 |
| Gross Revenues | $1,535,313 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $241,172 | Number of FT Employees | Register Free to View |
Financing
$650,000 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, liquor license and property must be purchased together. This is a prime corner location in the middle of a very busy area. They have fantastic reviews and offer traditional American fare. The upstairs bar and dining room were just renovated. In the past year the business grossed approx. $1,535,312.60 (65% bar/35% food) with a net cash flow of approx. $241,172.00 for an owner/operator. The business is fully staffed with 20 employees. The purchase price breaks down as follows, the business for $550K, the liquor license for $350K and the stand alone property (with private parking lot) for $1.3 mil direct from the owner. The owners keeps excellent financial records. As such, the business will qualify for SBA financing with approx. 30% down ($660K). We are seeking a serious and financially qualified buyer with at least $660K in liquid funds. Proof of funds will be requested. 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.
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