Historic Restaurant Lounge With Liquor License & Mega Property
Location:
United States
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New Jersey
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Hunterdon County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
A reputable Restaurant Lounge for sale offered with a large real estate property and liquor license is located in a prime area of Hunterdon County, New Jersey. This is a 50 year old, charming restaurant with authentic decor and fine dining. This business is a town landmark and somewhat historic facility. The restaurant has an excellent menu with American fare and also offers catering services. The facility is on two acres with ample parking and a 14 room motel attached, which is presently closed. The facility also has outdoor seating on an attractive patio area and a large parking area. The business generates an average gross income of $650,000. The owner is retiring after many years and will assist with financing to a qualified purchaser. A mega facility with a large capacity for multiple services!
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$650,000
Cash Flow:
$100,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $455000 equipment only.
Seller Financing: Yes
About The Business
Year Established: 1955
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: Seller will provide a complete due diligence review period. Sale is subject to the successful transfer and approval of the liquor license.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700110294
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