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Mt Ephraim Bar & Grill Has Closed (Temporarily?).  Business For Sale

Mt Ephraim Bar & Grill Has Closed (Temporarily?).  Business For Sale

Opened just a year ago as a full new interior construction bar and restaurant, the Mount Ephraim Bar and Grill located on the Black Horse Pike directly next to McDonald’s has closed, and the business is up for sale.

Just so no one is confused, there are three local taverns in the town and the Mount Ephraim Bar and Grill is the smaller bar located close to the Route 295 exits of the Black Horse Pike… again directly next to McDonald’s.  Many remember this building as previously being a Little Caesar’s Pizza or Subway.

Mt Ephraim Bar & Grill at last year’s opening

I spoke to the owner yesterday who tells me they may reopen a little later in the year, but have decided to shut down through the slower cold winter months and are seeing if there is market interest in someone taking over the attractive new build cozy bar.

But why the quick closing? As I reported at the opening in December of 2023 (just a year ago), the owners of the building and bar have several South Jersey businesses and commercial properties, and a bar of this size likely needs an on-site owner operator who can put more focus on it’s growth. A talented cook/chef looking to open their own place would be a perfect match!

Mt Ephraim Bar & Grill is Open!
Mt Ephraim Bar & Grill – For Sale

Overall its a nicely done design and laying out the customer bar and dining area which best utilizes the available space.  The building also offers a full kitchen where all kitchen equipment was purchased new.

The signature aspect of the Mt Ephraim Bar & Grill customer experience is a large center rectangular bar seating 24 customers.  There was still plenty of space also available around the outer perimeter for seven tables seating another 26 customers.

Large televisions were installed to catch the latest sports action, and accent lighting within the restaurant can be changed to different colors to set the mood.

Mt Ephraim Bar & Grill – Lease/Sale

Commercial real estate website Loopnet has the listing for the Mount Ephraim Bar and Grill which includes the liquor license and fully equipped bar.

The price listed is just $390,000, which all things considered seems like a very reasonable price…  but there are additional costs associated with taking over the bar…. of course if you are interested your best move is to reach out to the Real Estate team.

Mt Ephraim Bar & Grill – For Sale

As listed you are buying the business, the fixtures within it, and the liquor license… but the building property are not included in that price, so you would either continue as a lease-paying tenant, or separately negotiate to purchase the real estate also.

As mentioned the listing states that the sale includes the New Jersey “Type 33” liquor license which allows take-out sales from the bar area, which in many communities the license alone is worth more than $390,000!

Mt Ephraim Bar & Grill is Open!
Mt Ephraim Bar & Grill is Open!

The listed price also includes FFE which means….all furniture, fixtures and equipment.

As examples listing calls out the following items:

Kitchen: Walk-in box (fridge and freezer), American Range Stonebake pizza oven, Migali stove, Grill, New hood, Steel prep tables, Triple sink, Sentinel mixer, 2 Asber Friers, Bambari machine

Bar Area: Large square-shaped bar, 6 large screen tvs, Package goods cooler (beer), Register system, Sound/camera system, Tables/chairs

What appears to not be included is existing inventory, which would be a separate agreement  (which I actually think is a standard real estate practice).

Additionally, as mentioned the $390,000 does NOT include the building or property. The listing calls out three options regarding the tenant’s lease, all of which are  separate from the business purchase.

1. Assume the (existing) lease
2. Renegotiate terms in a new lease
3. Purchase the property outright. (Ownership is open to discussions). Property is +/-.78AC and represents an opportunity to redevelop or expand.

I do not know what the current lease amount is and honestly if you have genuine interest I would highly recommend you reach out to the commercial real estate representative provided on the Loopnet listing.

Mt Ephraim Bar & Grill – Closed and For Sale
267 S Black Horse Pike
Mt Ephraim NJ 08059