Unusual business opportunity to own this closed Saloon / Restaurant in a wonderful area of Morris County, Parsippany, NJ on a major state highway of US 46, with tens of thousands of drive by vehicles. This modern turnkey restaurant is presently closed and is available to lease with, no key funds other than to purchase 50% ownership of the liquor license. The previous owner has an alternative restaurant and could not efficiently maintain both business locations. This casual restaurant business income consisted of 60% liquor and 40% food sales represented a substantial mark up and a moderate food cost. They have an attractive bar featuring an extensive list of alcoholic beverages, 18 of today’s most popular craft draft beers. This is a most unusual business opportunity which can represent a wonderful long term investment. Due to the shared liquor license ownership state government approval is required to purchase. This wonderful business opportunity is located in Northern New Jersey, Morris County, on US State highway 46. The area consists of various highly populated affluent communities with continued demand for this particular food product. This retail facility which consist of approximately 4,000 square feet has a modern attractive appearance. The business is presently adjoined with an alternative noncompetitive restaurant and will require minor separation to separate toilet facilities. This business transaction will offer a new fifteen-year commercial lease which expires 2031-01-01 plus options, with a monthly rent of $8,250 and rent security $16,000. The business is located in a free stranding facility which consists of 4,000 square feet with no basement and has a capacity for approximately one hundred & twenty customers.

Posted Sep 21, 2016

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