Description of the business for sale
On Busy, Main Road! This long established and successful Bar Restaurant business is offered with a full liquor license and the real estate property and located in Passaic County, New Jersey. This is a fabulous, twenty five year old establishment located in a heavily traveled area of Passaic County. The business has a consistant gross income which can be further developed with continued good service. The seller is retiring and will include the real estate with the package, which produces an additional rental income of $50,000 annually to the owner. A large, ample facility with great income potential!
GROWTH: The business can be further improved and developed with new management.
COMPETITION: No other competitors exist in the particular area of the business.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Bank financing is available.
• FF&E: $125,000.
• Real Estate: Included in purchase.
REASONS FOR SELLING: Retirement
Support / Training provided by seller
Seller will provide a full due diligence and transitional period.
Description of the facilities
Business facility is 5,000 square feet and located in a congested area of Passaic County, New Jersey. The Bar has a full kitchen and accomodates approximately fifty people. A valuable liquor license and the real estate property is included in the purchase. The real estate is available through our real estate division.