Reputable Tap House/Restaurant/Bar for Sale in Wayne, New Jersey

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  • Primary Category: Bars, Pubs & Taverns for Sale

Tap House Bar Restaurant for Sale in Wayne, New Jersey

Opportunity to own a well-established tap house bar restaurant in Wayne, New Jersey, offered for sale due to the owner's retirement. This 8 year old thriving business includes both the business and real estate, as well as options to lease if needed; providing a turnkey opportunity in a prime location.

Key Features:
- Location: Highly visible in Wayne, NJ, with a strong local and regional customer base.
- Established Brand: Known for its inviting atmosphere and wide selection of craft beers and gourmet pub food.
- Facilities: Includes spacious dining areas, a fully equipped kitchen, and a well-stocked bar.
- Outdoor Seating: Ample outdoor seating area for patrons to enjoy and entertainment to perform.
- Parking: Main road streetside parking available for customers.
- Financials: Strong financial performance with consistent revenue and profit.

Sale Options:
- Business and Real Estate: $3,499,000
- Business Only: $1,899,000
- Real Estate Only: $1,599,000

Financial Snapshot:
- Gross Sales: $2,000,000
- EBITA: $620,000
- Seller's Discretionary Earnings: $400,000
- Assets Valuation: $520,000

This is an ideal opportunity for an entrepreneur or investor looking to enter the lucrative restaurant and bar industry or expand their portfolio with a well-established business. Don't miss out on this chance to own a premier taphouse in Wayne, New Jersey.

Confidentiality agreements/contracts are necessary to move forward with inquiries.

Financial Information

  • $3,499,000 Asking Price
  • $400,000 Cash Flow
  • $2,000,000 Gross Revenue
  • $750,000 Down Payment
  • Yes Financing

Business Location

  • City: Morristown
  • State: New Jersey

Reason for Sale

  • Retirement

Detailed information

  • Year Established:
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: Yes
  • SBA Prequalified: Yes
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Adjusted EBITDA: $620,000
  • Inventory Included: No
  • Inventory Value: N/A
  • Monthly Rent: N/A
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $1,599,000
  • FF&E Included?: No
Business Listed by
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Brandon Kirch
Sunbelt of Passaic
Listing ID
PASSAIC001-55335

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