Lounge, Bar, Broad C Liquor License
Union County, New Jersey
Asking Price: |
Gross: |
Cash Flow: |
$795,000 |
$140,000 |
$101,500 |
Furniture and Fixtures Value:
$220,000 (included in the asking price)
Inventory Value:
$10,000 ( not included in the asking price)
Real Estate:
$700,000 (included in the asking price)
Business Summary:
Broad C liquor license grand fathered into a going lounge in Union County. Everything in place in this facility to take it to next level. Something present owner can not do as he needs corrective surgery from serious auto accident. Entire building 2 floors 2,000 sq. ft. lounge first floor, 2nd floor 7 rooms, 1 bath, 2,000 sq. ft. apartment paying $2,000 monthly rent. 2,000 sq. ft. basement. Parking in rear for 11 cars plus plenty of street parking. Broad C license value close to $200,000 building valued at $600,000, equipment in lounge $220,000 pick up everything for $850,000. This lounge can go any direction owner wishes to take it liquor store, lounge, pub with extensive menu. Everything within here to take it many directions. Lounge has 40 seats bar fire capacity for 90: Has 2 real fire places full kitchen, grill fryer and $6,000 espresso maker behind bar. Full AMP location systems, lighting DJ booth multitude of TVs, games machines, Juke box al in new and TOP condition at present owner has entertainment one or two nights a week band and DJ collect money at the door. This can easily be expanded for every evening food menu can be added and away this place will go. All equipment here to bring weekly income to well over $72,000 week has the clientele who can easily bring in their friends to increase volume. Place is extremely near and has all equipment in place for right owner to take place over and bring it to the next level. For further information, please contact 908-851-9040.
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Year
Business was Established: 1969 |
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Number of Employees:
1 |
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Facilities / Terms of Lease:
2 story 2,000 sq. ft. lounge/store, 2,000 sq. ft. apartment 7 rooms, 1 bath, 2,000 sq. ft. basement parking for 11 cars all equipment is new and in prime condition. |
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Potential
Growth/Expansion:
This set up is all set up to go to the next level sports bar/lounge with entertainment/kitchen with mixed and deep menu. |
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Competition:
Since this bar is green fathered in residential area there is no true competition broad C license |
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Owner
willing to finance:
Owner wants all cash for deal |
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Owner
willing to train:
Two weeks |
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Reason for selling:
Owner has to undergo corrective surgery |
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REQUEST MORE INFO |
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