← Back to SearchBusinesses for Sale
PRINT
Verified Listing

LAKE FRONT BAR & RESTARUANT

RestaurantsFor Sale in NJ

Listing ID: REST809 | Broker Listing ID: BLP102573

Financial & Assets Details

$1,250,000
$185,000
$325,000
$5,000
Yes
6,000+/-

About the Business

1980
12
$7,000
Yes

Business Description

Highly popular lakeside Bar Grill on a beautiful North Jersey lake which includes outdoor seating for two hundred customers. The sale includes a valuable consumption liquor license, live entertainment approval and breathtaking lakeside views. The restaurant also has an attached boat basin which includes private boat docs for restaurant customer use. The restaurant has a wonderful reputation for quality food and drink, representing 60% liquor sales. This is a most unusually opportunity, which offers a full-service bar restaurant which is the only restaurant with two heated and covered lakeside patios. Whether you choose to sit outside on patios or indoors, the view of the lake is spectacular. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.

Growth & Expansion

Regarding growth and expansion, the retail company can be further developed by increasing days of operation, improving the marketing system and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.

Seller Financing

Seller and SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Market Competition:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Location Details:

This business opportunity is in northern New Jersey, Sussex County on a county road on a highly popular public lake which is the largest freshwater body in New Jersey approximately four-square miles (10 km2) in area. This restaurant business facility consists of approximately 6,000 square feet with a modern and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.

Support & Training

Training and owner support, the owner is fully prepared to remain post-closing and is prepared to supply an appropriate transitional period to purchaser.

Reason for Selling:

The purpose of this business transaction is due to the owner retirement after many years of success in this particular industry.

Listing ID: REST809

Contact Broker

  • In order for our sellers and brokers to track interested parties, the seller/broker contact information we have will be immediately displayed once you click request.

    Please send me more information about this listing. My contact information is as follows:
  • This field is for validation purposes and should be left unchanged.