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Restaurant and Tavern - Real Estate Available

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$350,000 $702,000 $110,000

Real Estate:
$990,000 ( not included in the asking price)

Business Summary:
Popular local restaurant and tavern which was completely renovated in 2008. Currently serving an American Style menu. Liquor license valued at $150,000 is included in the price. Seller very motivated and will consider all offers. Building is also available for purchase.

 
   
   
Facilities / Terms of Lease: ~ 1500 sf restaurant with bar. Rent of $2900 includes full basement for storage. Competition: Limited competition.  
   
Potential Growth/Expansion: Hands on owner can increase advertising and sales quickly.  
   
Owner willing to train: Yes  
   
Reason for selling: Retirement  
 

 

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