Saloon Club Restaurant

Price: $750,000 Location: Somerset, New Jersey Industry: Restaurant Listing ID: BAR867 Highly successful, one-year young bar restaurant with a Latin flavor on a New Jersey state highway with a valuable liquor license and entertainment approval. The company, which is in Somerset County, projects a gross income of $1,400,000 for 2024 and with additional hours and days expects a 2025 gross income of approximately $2,000,000. This is a dependable safe business opportunity and based on the asking price, required down payment with owner financing and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Listing Details Revenue: $1,500,000 Cash Flow: $200,000 FFE: $385,000 (Included in Price) Inventory: $10,000 Form of Ownership: C Corp Reason For Sale: The purpose of this business transaction is due to the owner alternative business out of the immediate area. Training & Support: Training and owner support, the seller will supply an appropriate training post closing to the purchaser. Operation Year Established: 2023 Year of Last Acquisition: 2023 Days & Hours of Operation: Days Hours of operation; this business is active five days per week, with hours from 4:00 pm to 10:00 pm. Owner Hours Per Week: Part time Non-Owner Payroll: $38,000 Employees: Regarding employees and payroll, this company consists of twenty-five employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and weekly base salary, and the staff is fully expected to remain post-closing. Managers: Yes Absentee Owner?: Yes Location Security on Lease: Two Months Lease Option: Yes Available Monthly Rent: 9,000 Type of Location: Commercial Square Footage: 6,000 Relocatable?: Yes Facilities Information: This business opportunity is one year young, in central New Jersey, Somerset County, in the city of Green Brook, on a highly active state highway. This business facility consists of approximately 6,000 square feet with an ultra-modern, attractive and professional appearance. The business is in a free-standing retail facility conveniently location for its various customers.