Suburban Sports Bar
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $349,000 |
Undisclosed |
Undisclosed |
Furniture and Fixtures Value:
$270,000 (included in the asking price)
Inventory Value:
$12,000 ( not included in the asking price)
Business Summary:
Designed, built, laid out as an attractive sports bar, flat screen TV’s best audio for NJ and high end Juke boxes. Presently volume is more than partner’s envisioned for full year, very successful doing over $12,500 weekly showing a cash flow of $6,500- weekly. Amazing and still business is increasing. Frequented by professional sports player’s who have then home field in area. 20 year lease 10 + 10 year option. NO PERSONAL GUARANTY on lease. Charge at door for special cable events and on DJ nights – non sports nights. Only special is cocktail hour – place is a magnet. Owner will give Buyer one month to show and prove figures that are phenomenal. Seating for 138, plus use of adjacent in door courtyard spacious can hold several hundred guests and liquor can be served there also. Business starts to come in after 10:00pm depending on sports on TV this spot has two entrances and a rather large parking lot area. Business can be expanded to business next door picking up over 1,000 sq. ft. at low rent. This sports bar is a money maker now and will only improve, liquor license is valued at $160,000, employs 18 payroll/ $1,280 weekly. Over 80% liquor at less than 20% bar cost. Very light food menu. For further information, please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 2009 |
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| Number of Employees:
18 |
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| Facilities / Terms of Lease:
Completely new, constantly getting more equipment 8 flat screen TV’s. Large parking lot, liquor can be served in a semi atrium. Great lease 20 years with 3% increases each year (no personal guaranty) |
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| Potential
Growth/Expansion:
Going on right track getting more customers and gaining in volume as time goes on – can expand into neighboring business. |
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| Competition:
Only authentic sports bar in area-only one set up as a true sports bar for many miles around |
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| Owner
willing to finance:
Owner will do financing of 6 thousand negotiable as to time at 3% interest |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Four parts diverse interest |
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| REQUEST MORE INFO |
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