High Quality Food/Lounge/Entertainment
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $399,000 |
$1,050,000 |
$221,529 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Inventory Value:
$15,000 ( not included in the asking price)
Business Summary:
Financials are not projected they are accurate and real great food/drinks and live entertainment mix gives this place an astounding net cash flow. Different form of entertainment every night with various types of live entertainment from Thursday and Saturday, gives this place known for its quality of food and drinks are moderately priced which differ with drink/cocktail specials every evening. Parking in the area can always be found, also has private lot parking for 20 cars. Establishment is packed Thursday, Friday, and Saturday with it s live entertainment. Makes some dollars and sale of its monogrammed mementoes. Business does over 40% cash and has a continuing and constant stream of satisfied regulars. Home to one of states professional sports fan club, does business all year long with no let up interior seats 90 plus over 100 standing and on certain night patrons who arrive late cannot get in. Food is excellent and (popular pub fare) and always is consistent. Drink specials every night. For this type of return on an investment asking price seems low the only way to find out what you are missing is to go there. Outside seating for over 40 when weather permits. Alcohol license is a Broad C valued at $200,000. Zagat rated. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1941 |
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| Number of Employees:
25 |
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| Facilities / Terms of Lease:
1,800 sq. ft. of constant activity in an attractive setting, parking lot for 20 cars, great food/drink at economical prices, plus plenty of street parking available |
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| Potential
Growth/Expansion:
There are nights because of the entertainment patrons cannot get in because place is full of expanding this entertainment to other evening will pack the house again on different nights |
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| Competition:
In an area heavy with restaurants this place is the only one to offer a great menu at tasty and consistently good food with high quality entertainment |
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| Owner
willing to finance:
Owner would accept $100,000 financing with terms negotiable |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Moving to different area of the state |
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| REQUEST MORE INFO |
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