Fully upgraded modern Bar Restaurant with live entertainment approval in an active commercial area of Northern New Jersey and in the County of Bergen. The business is minutes from the Giant Stadium and various shopping malls. This twenty-three hundred square foot facility is ultra-modern and fully equipped for high volume production. The sale includes a valuable consumption liquor license, new kitchens and bathrooms and a fully upgraded facility. The facility is one year young and the sale includes a fully equipped Pub Restaurant including a newer commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,200. The business has an assignable commercial lease which expires 2028-01-01 plus additional options, with a monthly base rent of $4,500 and rent security $6,000. The business facility which consists of 2,300 square feet has a capacity for approximately eighty-five customers. The facility has appropriate mall private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 4:00 pm to 3:00 am. The sale includes live entertainment approval, a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a highly dependable investment return to the owner operator. 2015 gross yearly income is $300,000 and a yearly net income of $55,000. The business has been priced at $250,000 based on a multiple of the net yearly income along with the value of the assets, seller financing has been tentatively approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Asking Price $250,000
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