Bar/Restaurant For Sale in South Jersey!
(Bar/Restaurant)
New Jersey
Listed Price: $ 1,200,000
Listing ID: 1525
Listing DetailsGross Revenue: $ 1,635,000
Cash Flow: $ 301,000
EBITA: $ 301,000
Inventory: $ 30,000
Reason for Sale:
Retiring
Training & Support:
2 Weeks
OperationsYear Established: 2017
Last Acquired: 2017
Days & Hours of Operation: T - Th 12p-9p, F & Sa 12p-10p, Sunday 12p-9p Closed Mondays
Employees: 22
Absentee Owner: No
LocationLease Expire: 0000-00-00
Option: 2 - 5 year option
Square Footage: 4400
Type of Location: Strip Mall
Facilities:
Great location with a lot of potential for growth in expanding community.
SummaryBusiness Description:
Bar/Restaurant for sale in South Jersey. Valuable liquor license approximately $600,000. Excellent demographics, located in a town with tremendous growth. 5,000 single family homes under construction in the surrounding area, plus 800 new homes going up in 55+ older community.
Financing/Terms:
$400,000 down. $200,000 seller finance, 8% - 3 year balloon / 10 year term.