Highly popular Bar & Restaurant with a previous gross income of $400,000 located on an active county road in Passaic County, Northern New Jersey. The price has now been reduced based on the asset value and which include the liquor license. The transaction can also include the real estate or an option. The facility which is presently closed has been fully upgraded within the past few years and is very well known for its excellent service and great spirits. The sale is due to absentee ownership and a previous partnership relationship. The property consists of the Pub and two second floor residential units which represent a substantial rental income. The business facility consists of a modern free-standing building with a full bar, stage kitchen and private seating areas with a capacity for 66 customers. The sale includes a valuable consumption liquor license and a fully turnkey pub restaurant operation. The business has an upgraded high capacity commercial kitchen and private parking at the location. This restaurant pub business is well known for their pizza and popular basic food menu. The restaurant offered a highly popular happy hour and wonderful service. The property has a yearly rental income for the two units of $60,000 and an excellent return on investment. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent and long-term investment return to the owner operator prior to debt service.
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