3386 VM Paterson Lounge/Bar
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $460,000 |
$153,000 |
$76,815 |
Furniture and Fixtures Value:
$45,000 (included in the asking price)
Business Summary:
Here is an under performing lounge in Paterson, located in a safe area with no competition. By the addition of kitchen and food service(No food establishemnt in area). Business could take off for lunch and open additional days during week. At present has DJ on Thursday nights only when the place is packed-same concept can be done Friday and Saturday aslo. Plenty of area in backroom to implement many changes to go along with decision to go with food or additional nights for DJ or both. "C" License valued at $150,000.
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| Year
Business was Established: 1987 |
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| Number of Employees:
4 |
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| Facilities / Terms of Lease:
20 Stool long bar with large backroom, fire capacity over 200, plenty of street parking has rental apartment on 2nd floor |
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| Competition:
No competition in this area of Paterson |
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| Owner
willing to finance:
Owner who owns bsusiness and building would prefer to be cashed out mortagage for building and license would cover most of it. |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner moving to Florida |
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| REQUEST MORE INFO |
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