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Great Bar/Restaurant

Bergen County, NJ

Seller Financing Available

Bar
Asking Price:$598,800
Gross Revenue:$1,358,000
EBITDA:$285,000
Established Year:2005
Cash Flow:$250,000
Inventory:$7,000
FF&E:$145,000
Listing ID: 2304978Listing provided by BizBuySell
BUSINESS DESCRIPTION

Prime location, high population with good income. Running as Absentee owner.
The income numbers here is the PROJECTION when new owner involved.
Total size is around 6000sf with upstairs. 140 seats. Hard to find opportunity. Perfect for the Sports bar business if wanted.
Parking available. Rent is only $17,000/m. Simple menu and can be converted to any food.
Invested $600,000 for the renovation. Around 10,000 plus residential and commercial units within a mile.

DETAILED INFORMATION
Location
Bergen County, NJ
Inventory
Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Full bar and full kitchen. Turn key operation.
Competition
Not much.
Growth & Expansion
More social media marketing and delivery support around the city, which will bring extra sales. Sports bar expansion will be a jack pot in this city without competition.
Financing
Some possible when credit is acceptable.
Support & Training
The seller will provide all the needs for the smooth transition.
Reason for Selling
Retire
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