High Volume Restaurant With Liquor Store
Location: United States -> New Jersey -> Passaic County
Industry: Bars and Nightclubs > Other Bars and Nightclubs
Businesses for sale Summary
This is a very high volume Bar & Grill with a Liquor Store attached and located in an excellent area of Passaic County, New Jersey. The facility contains a family restaurant, a large bar area and ample shelving for packaged goods. The yearly gross income is $2.350 million and nets approximately $320,000. The sale includes a valuable liquor license. The facility consists of a total of 10,000 square feet with 140 private parking spaces. The facility has a very nice restaurant feel with a large bar and retail liquor store with lots of shelving. The seller will offer a new fifteen year lease with a yearly rent of $90,000.
Financials
Asking Price Range: $500K – $1.0M
Gross Revenues: $2,350,000
Cash Flow: $320,000
Cash Flow Type: EBITDA
Inventory: 200000 Equipment Only
Seller Financing: Yes
About The Business
Year Established: 1930
Number of Employees: 20 – 34
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will provide a full due diligence period for a new operator.
Reason For Selling: The owner has multiple businesses and does not have time to devote.
