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Sports Bar / Restaurant

Union, New Jersey

Asking Price: Gross: Cash Flow:
$2,400,000 $2,700,000 $51,000

Inventory Value:
$25,000 (included in the asking price)

Business Summary:
An Innovative full- service bar and casual restaurant with a sports and entertainment focus, combined with exceptional food and beverage offerings. Recently fully remodeled with all new fixtures, kitchen equipment, audio and video systems, and POS. Located on a busy roadway with high visibility. &,3000 sq.ft. seating for 299. losses to date reflect first year in business, startup efforts and promotions to establish a customer base. ID 6359ls

 
   
   
Year Business was Established: 2
   
Number of Employees: 50 FT 4 PT  
   
Facilities / Terms of Lease: 7,300sqft completely rebuilt and remodeled. ample parking, located on heavily trafficked road. 7 years on lease with 10-year option. high-end facility outfitted with new equipment sears 299 exceptional food beverage offerings.  
   
Potential Growth/Expansion: improving customer counts and repeat business, strengthen customer loyalty, expand entertainment improve lunch business  
   
Competition: a busy market area with significant consumer spending, no sports bar in the immediate area  
   
Owner willing to train: as required to support new owner  
   
Reason for selling: focus on other business interests  
 

 

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