Asset Sale Description
High-volume restaurant lounge in a national franchise hotel located in Northern New Jersey, Bergen County on a state highway. The business facility is 4,600 square feet with a full food menu and offers room service to the hotel customers. The facility has been fully upgraded during the past few years, and is extremely attractive with a huge bar, separate breakfast room, a large outdoor patio / bar, and a seating capacity for 185 customers. The business is located on a major highway with thousands of drives by vehicles and the restaurant services a large business clientele. The business also has entertainment approval for live music. This wonderful restaurant is in Northern NJ and can be considered a premiere NYC style lounge. The business offers quality dining, drinks & entertainment, and excellent service. This is a dependable safe business opportunity. The yearly gross income represented by the previous corporate tax returns is $1,969,124 and the business has a consistent net income of $150,000 based on the owner operator and prior to any debt service. Also, due to a percentage of non-disclosed income, formal due diligence is recommended to the purchaser.
Detailed Information
- Years in Operation
- 15
- Facilities & Assets
- The business is located on a six-lane state Highway in Bergen County, Northern New Jersey. The restaurant is in a highly successful corporate franchise hotel with lots of daily customers. This restaurant lounge facility consists of forty-six hundred square feet (4,600) with a large bar, full dining room, office, separate breakfast room, outdoor bar, and a full commercial kitchen. The restaurant’s seating capacity consists of one hundred seventy-five patrons. The business is five years new and has been fully renovated with all updated equipment and is in
About the Sale
- Transition Support
- Limited training by absentee owner.
- Seller Motivation
- Corporate sale
Listing Info
- ID
- 2345621
- Listing Views
- 796
Listing ID: 2345621 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.