Bar/Karaoke/Lounge/Club(EB5VISA possible)
| Asking Price: | $1,200,000 |
| Gross Revenue: | $2,600,000 |
| Rent: | $26,523/Month |
| Established Year: | 2012 |
| Cash Flow: | $450,000 |
| Inventory: | $12,000 |
| EBITDA: | $545,000 |
Great investment and prime location of the busy Bergen county NJ. One mile from George Washington Bridge! $1.2 million is the business price. The town Full liquor license is $650,000( Market value is $800,000), it must be purchased separately to run business and can be sold any time as NJ state law if wanted. Total can be $1.85 million investment together. EB5 immigration visa application possible for the Green card with family. Very low base rent rate as $26,523, extra Property tax, maintenance, and insurance for the 17000sf space with 125 cars parking is only $15,000 per month.
Owner is selling to retire. Recession proof. High profit. 125 plus parking. Easy to run. The any investors will be impressed to see it. Absentee owner possible. Hard to find a chance like this one, mega shopping mall is coming within a mile. Heavy traffic all day.
Top notch interior and group party rooms. Great food and best lay-out in Tri-state area. Prime location as a landmark.
Bank financing approved. Spent $4 million to build it up from the scratch.
Still growing sales after Covid19. Incredibly cheap rent and long lease term. Fast turn over of inventory with low cost.
Simply for the qualified buyers with proof of funds to have a showing, must contact the Agency.
The owner will prove net income after the price is agreed with the official written offer.
Text, +1 201 328 4324. Email) brokerleo@hotmail.com
