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Tavern

Passaic County, New Jersey

Asking Price: Gross: Cash Flow:
$289,000 $300,000 $130,000

Furniture and Fixtures Value:
$45,000 (included in the asking price)

Inventory Value:
$6,000 (included in the asking price)

Business Summary:
"Hot" nite spot, bar and lounge on 2 floors, open only 6 hours - 4 nights a week. Totally reconstructed in last 1 1/2 years after water pipe broke causing damage. Basically, it is a drinking, social business - liquor license valued at $80,000-$100,000. Furniture, fixtures, and equipment $45,000-$50,000. They collect $5.00 cover charge at door - average 100 people per night. Employees - DJ, 3 bartenders, 3 security men. For further information please contact Howard Goldberg at 908-851-9040 Ext. 209.

 
   
   
Year Business was Established: 2000
   
Facilities / Terms of Lease: This is basically a drinking, social business - liquor license valued at $80,000-$100,000. Furniture, fixtures, and equipment $45,000-$50,000. They collect $5.00 cover charge at door - average 100 people per night. Employees - DJ, 3 bartenders, 3 security men.  
   
Owner willing to finance: 2 years at prime rate  
   
Owner willing to train: Two weeks  
   
Reason for selling: Owner has little children she needs to spend more time with  
 

 

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