Bring Back Prior Profits
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $750,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$90,000 (included in the asking price)
Inventory Value:
$3,000 ( not included in the asking price)
Real Estate:
$600,000 (included in the asking price)
Business Summary:
This semi-absent run Sports Lounge Pub is known for its quality drink, entertainment and atmosphere. This long established (over 70 years) and great fun bar is a popular spot that features DJ’s on the weekend. Has comfortable seating for 70 with loads of flat screen TV’s for all your sports events, standing room up to 200. The present owner has owned it for 20 years and just renovated the place at a cost of over $80,000. The pub is a very popular neighborhood bar frequented by many regulars, blue collar crowd, very friendly and loyal. All equipment has been very well maintained and is in great working order. Seller owns the property as well as parking lot across the street. Building includes a full basement and two apartments upstairs. Adjacent property available 10,000 sq. ft. would place property right on highway. Up to 2 years ago, spot was well known and was doing business in excess of $30,000 weekly, owner was pulling out over $4,000 weekly. Owner made a mistake in the hiring of new manager causing business to slide and volume to take place. Great opportunity for a Buyer to bring some new energy and vision to this well established pub and put in your own concept. Liquor license worth over $100,000. For further information please contact 908-851-9040 and ask for Vito Mastromonaco Ext. 285 or Gene Reilly Ext. 293.
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| Year
Business was Established: 1941 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
This semi-absentee run Sports Lounge Pub is known for its quality drink, entertainment and atmosphere. This long established bar (over 70 years) and great fun bar is a popular spot that features DJ’s on the weekend. Has comfortable seating for 70 with loads of flat screen TV’s for all your sports events, standing room up to 200. |
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| Potential
Growth/Expansion:
Buying property adjacent to existing facility expanding building – putting in a kitchen and increasing parking – would then have entrance from and exit to major state highway |
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| Competition:
Only 3 bars in a town of substantial population this is located right off major state highway |
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| Owner
willing to finance:
Seller would take $500,000 in financing rate and length of time negotiable |
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| Owner
willing to train:
Two weeks or as needed |
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| Reason for selling:
Seller has other interest and bars |
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| REQUEST MORE INFO |
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