Famous Dive Bar destination since 1960's

Asking Price$1,400,000

Cash Flow

EBITDA$400,000

Gross Revenue$3,200,000

Inventory$100,000
Not included in asking price
FF&E$1,000,000
Included in asking price
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Famous Dive Bar destination since 1960's


Asking Price$1,400,000

Cash Flow

EBITDA$400,000

Gross Revenue$3,200,000

Inventory$100,000
Not included in asking price
FF&E$1,000,000
Included in asking price
Business Description
Established dive bar and tavern operation with 65 years of continuous service since the 1960s, representing a landmark hospitality destination in Toms River, Burleigh County. This turnkey acquisition opportunity offers comprehensive business transfer including established brand recognition, active liquor license, proprietary recipes, trained staff, and extensive goodwill built over six decades of community presence.

The business demonstrates exceptional financial performance with five-year average sales of $700 per square foot, significantly outperforming typical industry benchmarks for similar establishments. This metric reflects strong customer loyalty, effective operations, and optimal space utilization in the competitive bar and tavern sector.

Key Business Assets:
• Active liquor license and established brand name
• Proprietary recipes and operational systems
• Trained staff with institutional knowledge
• Substantial goodwill and community recognition
• Prime location with 65-year operating history
• Proven revenue generation model

The current owner is retiring after decades of successful operation and will provide comprehensive training and ongoing support to ensure seamless transition. This represents an expansion opportunity for an experienced operator seeking to acquire a well-established hospitality business with demonstrated market presence and financial stability.

Qualified candidates must possess relevant industry experience in bar, tavern, or restaurant operations. The seller is committed to facilitating a complete business transfer including all operational components, training protocols, and transitional support to maintain the establishment's market position and operational continuity.

This acquisition presents an opportunity to continue the legacy of a beloved community institution while leveraging established systems, customer base, and proven operational framework for continued success.
About the Business
Years in Operation
65
Employees
18 (12 Full-time, 6 Part-time)
none
Currently Relocatable
Yes
Facilities & Assets
well known location , great food , great drinks ... one of. kind
Market Outlook / Competition
No one else doing business like this , people to people hospitality
Opportunities for Growth
Opportunity in Moving location to a more suitable space to increase parking / suitable space for a larger bar and outdoor bar and dining / more storage / increase visibility / Operating with a much larger foot print kitchen , currently 600 sq ft to 1500 sq ft 46 ft hood / premium amenities / very reasonable rent
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,000
Rent
$5,000.00 per month
About the Sale
Seller Motivation
45 years in business , still healthy ...
Transition Support
seller will work with buyer to accomplish the opportunity to continue the legacy of this unique business
Listing Info
ID
2525130
Listing Views
64

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Business Listed by: Thierry Smith 1st Jersey Commercial/Rosetto Realty

Listing ID: 2525130 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.