MergerPlace

Sports Bar / Restaurant

Union, New Jersey


  • Asking Price: $3,300,000
  • Gross Income: $2,611,000
  • Cash Flow: $492,000
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: Not Disclosed
  • Listing ID: #213394
  • Established: 2
  • Employees: 50 FT 4 PT

Business Description

An Innovative full- service bar and casual restaurant with a sports and entertainment focus, combined with exceptional food and beverage offerings. Recently fully remodeled with all new fixtures, kitchen equipment, audio and video systems, and POS. Located on a busy roadway with high visibility. &,3000 sq.ft. seating for 299. losses to date reflect first year in business, startup efforts and promotions to establish a customer base. ID 6359ls


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: New Jersey
Metropolitan Area: Union

Company Information

Year Established: 2
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 50 FT 4 PT

Financial Information

Asking Price: $3,300,000
Gross Revenue: $2,611,000
Cash Flow: $492,000
Inventory: $25,000
Seller Financing Available: Yes

Property Information

Facilities:

7,300sqft completely rebuilt and remodeled. ample parking, located on heavily trafficked road. 7 years on lease with 10-year option. high-end facility outfitted with new equipment sears 299 exceptional food beverage offerings.

Growth & expansion opportunities:

improving customer counts and repeat business, strengthen customer loyalty, expand entertainment improve lunch business

Competition:

a busy market area with significant consumer spending, no sports bar in the immediate area

Reason for selling:

focus on other business interests

Support & Training:

as required to support new owner

Contact Business Seller

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Business Listed By:

Larry Bodner

Executive Business Brokers