Bar/Karaoke/Lounge/Club(EB5VISA possible)
Business Description
Great investment and prime location of the busy Bergen county NJ. One mile from George Washington Bridge! Asking $988,000. is the business price. The town Full liquor license is $650,000( Market value is $800,000), it must be purchased separately to run business and can be sold any time as NJ state law if wanted. Total can be $1.65 million investment together. EB5 immigration visa application possible for the Green card with family. Very low base rent rate as $26,523, extra Property tax, maintenance, and insurance for the 17000sf space with 125 parking space is only around $3000.
Owner is selling to retire. Recession proof. High profit. 125 plus parking. Easy to run. The any investors will be impressed to see it. Absentee owner possible. Hard to find a chance like this one, mega shopping mall is coming within a mile. Heavy traffic all day.
Top notch interior and group party rooms. Great food and best lay-out in Tri-state area. Prime location as a landmark.
Bank financing approved. Spent $4,000,000 USD to build it up from the scratch.
Still growing sales after Covid19. Incredibly cheap rent and long lease term. Fast turn over of inventory with low cost.
Simply for the qualified buyers with proof of funds to have a showing, must contact the Agency.
The owner will prove net income after the price is agreed with the official written offer.
Owner is selling to retire. Recession proof. High profit. 125 plus parking. Easy to run. The any investors will be impressed to see it. Absentee owner possible. Hard to find a chance like this one, mega shopping mall is coming within a mile. Heavy traffic all day.
Top notch interior and group party rooms. Great food and best lay-out in Tri-state area. Prime location as a landmark.
Bank financing approved. Spent $4,000,000 USD to build it up from the scratch.
Still growing sales after Covid19. Incredibly cheap rent and long lease term. Fast turn over of inventory with low cost.
Simply for the qualified buyers with proof of funds to have a showing, must contact the Agency.
The owner will prove net income after the price is agreed with the official written offer.
About the Business
- Years in Operation
- 13
- Employees
- 12
- Facilities & Assets
- Spent more than $4 million dollars for the interior and equipment. 17000 sf. 125 plus parking. 13 years lease.
High-end entertainment system and wall screen. Full service kitchen. - Market Outlook / Competition
- Not much.
- Opportunities for Growth
- Still growing business volume and many developments are in progress around the town. All group parties are expanding from diverse community. More wide marketing by internet and social media is necessary.
About the Sale
- Seller Motivation
- Retire and family health reason.
- Transition Support
- The owner will support all the needs and accounts for the transition.
- Financing Options
- Some possible if qualifed
Listing Info
- ID
- 1271819
- Listing Views
- 2938
Attached DocumentsAttachment Disclaimer
Listing ID: 1271819 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.
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