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POPULAR TAVERN & LIVE ENTERTAINMENT.

RestaurantsFor Sale in Garfield, NJ

Listing ID: BAR849 | Broker Listing ID: BLP038619

Financial & Assets Details

$600,000
$110,000
$265,000
$1,500
Yes
1850+/-

About the Business

2000
9
$4,500
Yes

Business Description

Highly successful Bergen County tavern restaurant which includes a valuable consumption liquor license and live entertainment. This restaurant has recently been fully upgraded which includes new kitchen and rest rooms. The business projects a yearly gross income of $600,000 and a substantial net income to the owner operator. The interior has a warm, rustic, welcoming atmosphere and outside dining is offered with a fully covered Patio & Porch, ensuring no weather issues. A family-friendly atmosphere for lunch and dinner, evolving into a lively late dinner scene with cocktails, deep wine list, and a rotating beer tap system. This tavern serves hearty American and Italian classics, including beautiful wood-fired pizzas. The business is a local family owned & operated. This is a dependable safe business opportunity and based on the asking price, 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 the days of operation, improving the marketing 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

Owner financing is available.

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.

Support & Training

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

Reason for Selling:

The purpose of this business transaction is due to the owner retirement from this industry and involved in an alternative noncompetitive industry.

Listing ID: BAR849

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