Popular Local Bar & Grill Looking for Working Partner
Jersey City, NJ
| Asking Price: | $99,990 |
| Established Year: | 1967 |
Listing ID: 2259214Listing provided by BizBuySell
ASSET SALES DESCRIPTION
Great opportunity to enter the bar without the high cost of entry!
Great neighborhood location on a busy corner in Jersey City Heights, just steps from Hoboken. This bar has been a staple of the community for over 50 years. Incredible upside for the successful working partner. Minimal investment required and an opportunity to work with an owner / partner who has 20 years of experience in the business.
Bring your passion for the local bar experience and let's make a great business even better!
DETAILED INFORMATION
Location
Jersey City, NJ
Facilities
Successful bar and grill in Jersey City Heights. We have a loyal customer base and are a strong part of the community. The business is well run and nicely profitable. Our sales are 60% alcohol / 40% food
This is not the sale of the business, its assets, or the liquor license. This is an opportunity for a strong operator to purchase a 5% interest in the business operating results.
There will be an opportunity to increase your ownership interest based on performance goals.
Proof of funds required so serious consideration.
Financing
Up to 50% financing for a qualified buyer
Support & Training
The seller will remain the owner of 95% of the business and will be actively involved in the business providing any required training on an on-going basis.
Reason for Selling
Only selling 5% to bring on a working partner.
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