lake lenape lodge
Location: New Jersey > Sussex County > andover twp
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $795,000
Gross Revenue: $372,000
Gross Revenue Comments: 88% cash
Cash Flow: $11,000
Cash Flow Comments: excludes rent from apt
Inventory: $5,000 (Not Included in Asking Price)
FF&E: $50,000 (Included in Asking Price)
Real Estate: $575,000 (Included in Asking Price)
Seller Financing: none
Business Summary
long established 3500 sf rustic bar and grill overlooking lake lenape w/46 parking places. Seats approx. 150 including 21 at main bar and 10 at second bar.Floor to ceiling stone f/p, hw floors, party room. 3br apt on second floor rented for $950/mo. 24x13 office and full bath in basement.
About the Business
Year Established: 1920
Employees: 1 full time - 3 part time
Market Outlook and Competition: no significent competition in area. This operation could be upgraded with a better food menu.
About the Sale
Management Training and Support: owner will train. Main mgr-cook could stay.
Reason For Selling: retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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