Established Restaurant/Bar/Tavern With Strong Sales

Monmouth County, NJ
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Asking Price:$1,600,000
Gross Revenue:$3,794,575
Cash Flow:$540,823
Established Year:2018
BUSINESS DESCRIPTION

Restaurant/Bar/Tavern spanning 3 floors with outside dining and bar area. Sales for this business are averaging 3.8 mil per year the last 3 years. Tremendous upside potential expanding the already successful business. Local staple located in the middle of a vibrant business district. The sale consists of a 33-liquor license and a business, this does not include the real estate. Long term lease available. Turnkey business that needs nothing but a new operator. Top notch buildout serving a casual Amercian menu that could be expanded. There are outside dining areas as well as an exterior bar. Very unique building that could be flagship location for a restaurant group. This is a tremendous opportunity for a long-term business endeavor. Business currently doing approx. 75% food to 25% Liquor. NDA required to release memorandum on the property will be sent through DocuSign. Upon receipt of the NDA I will send you a complete memorandum on the property with all the information on the building, cash flows and pictures.


DETAILED INFORMATION
Location
Monmouth County, NJ
Inventory
Not Included in asking price
Employees
40
Facilities
The facilities are a reconditioned 3 story building that spared no expense for a complete renovation. This building was constructed in 1900 and brought back to it's original grandeur. Very unique business opportunity that has a very strong loyal following. The sale comes with a very rare liquor license (33) for this town. Not many liquor licenses have been available for this town and trade at a premium. The liquor license is estimated to be worth $450,000-$500,000 which is included in the sale price.
Growth & Expansion
This business has a large upside potential. It is operated as a full service restaurant and does not capitalize on the bar or run the business as a bar. Most nights the dinner service winds down by 10:00. This business, with the right operator, could develop a completely different business by doing a later night business with the bar.
Support & Training
Seller will assist the new owner, if needed, with support and training.
Reason for Selling
Long awaited retirement
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Dan
Lynch
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Dan Lynch