JAMESBURG/MONROE, NJ

Asking Price: $599,000

Listing ID: NJ0202

Pub/Tavern

Sq. Footage: 8,000

Total Revenue: $500000

Summary Description

THIS MAGNIFICENT RESTAURANT AND PUB WAS A MUSIC VENUE FOR 40 YEARS. IT HAS CATERED TO SO MANY TALENTED AND WELL KNOWN ARTISTS THAT EVEN THE MOST CRITICAL MUSIC FAN WOULD BE IMPRESSED. THIS WELL ESTABLISHED RESTAURANT AND PUB HAS GREAT FOOD AND ATMOSPHERE. IT SITS ON 10 ACRES WHERE YOU COULD DO OUTSIDE EVENTS. THE LIQUOR LICENSE CAN BE USED ON ALL TEN ACRES. THE OWNER WANTS TO SELL THE BUILDING AND PROPERTY AND WOULD HOLD THE NOTE AT $4.2 MILLION. HE IS ALSO INTERESTED IN JUST LEASING THE BUILDING AND PROPERTY AND GIVING YOU AN OPTION IN THE FUTURE ON THE PURCHASE OF THE PROPERTY WITH FINANCING. HE IS ASKING 350K FOR THE LIQUOR LICENSE AND 250K FOR THE FURNITURE FIXTURES AND EQUIPMENT. THE RESTAURANT IS 8000 SQUARE FEET. SEATING FOR 250 INSIDE WITH A PATIO SEATING AN ADDITIONAL 60. THE OWNER HAS HAD THIS TREASURE SINCE 1971 AND IS READY TO RETIRE. HE WOULD LIKE $8000 FOR RENT. SO MANY POSSIBILITIES HERE.

CONFIDENTIAL - National Restaurant Properties

Property Financing

Financing is Not Available for this Property

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