Tavern Restaurant

Seller Financing Available

Priced to sell for this fully modernized Tavern Restaurant business in a wonderful area of Morris County New Jersey. This is an attractive profitable bar/restaurant in New Jersey, Morris County with owner financing available to a qualified buyer. This operation has been fully remolded with a full kitchen, modern bar, various accessories, and restrooms. The business seats twenty customers at the bar with additional private seating and a capacity for eighty-five plus. The operation has package goods approval which represents a percentage of the gross sales. The business is family owned and operated, continues to supply a consistent income to the owner operator and can be further developed with an improved marketing plan. This is a dependable safe business opportunity. The business fixed assets have an estimated value of approximately $225,000 which is based on the cost of the original equipment, licensing, buildout replacement cost, tangible & nontangible, in addition to the multiple of the existing net yearly income. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, refrigeration & freezer units, consumption liquor license, web site, social media components, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. The 2023 yearly gross income represented by the seller, during a pandemic year was $393,962 and the business had a $77,977 yearly net income which is based on an onsite owner operator and prior to any debt service. The 2024 gross income is projected to be greater than the previous year. Also, due to seller discretionary income, formal due diligence is recommended by the broker. For Qualifications purposes, this business opportunity industry requires New Jersey State government licensing approval to purchase in addition to the standard required municipal licenses.