Saloon Restaurant sport bar with live entertainment located on a state highway in Hunterdon County, New Jersey. This Pub restaurant offers food, drink and entertainment and is well known in the general area. This long standing business is well known for its cold Beer, good service with a traditional American food menu. The owner will finance a portion of the sale with an appropriate down payment. The 2,800 square foot facility consists of a full rectangular bar, a commercial kitchen and large basement. The facility has a seating capacity for 110 customers with separate area for private service. The liquor license has a substantial value estimated at approximately $250,000 and not replaceable. The owner is retiring after many successful years in the industry and desires to market the business and the property which consists of four acres, three building and a total of four rentals and a gross yearly rental income of approximately $92,760. This business transaction includes various equipment including a valuable consumption liquor license, live adult entertainment approval which represents a substantial value and is also not replaceable. The sale includes a full commercial kitchen, valuable liquor license, refrigeration and freezer units, sound system and various equipment required to maintain the business. The building has a legal capacity for 110 customers consisting of 2,800 square feet. The location has substantial private parking for approximately 60 vehicles. The business is presently active seven days per week, hours 4:00 pm to 2:00 am. The sale includes a New Jersey State issued consumption liquor license and a municipal certificate of occupancy for live entertainment. The employees consist of bar servers and kitchen staff who are unaware of the pending sale and fully expected to remain post closing, monthly payroll approximately $5,500. This is a solid business opportunity which can be further developed representing an excellent return on the investment. The business has gross yearly sales of approximately $300,000. The price of this business opportunity is $1,100,000 which is based on the values of the various licenses, real estate and existing assets. The sale is Not based on the present gross sales which is approximately $350,000 yearly. The real estate has been valued at $775,000, liquor license value conservatively at $200,000 and owner financing is available to qualified buyers with $350,000 down payment and based on a ten-year term at 5% interest. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Sep 1, 2016

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