23 E Palisade Ave

Offered for sale at $1,799,000 (business only), plus lease assumption and transfer of the Plenary Retail Consumption Liquor License, Akai Lounge presents a rare opportunity to acquire a high-performing, fully built-out hospitality concept in the heart of Englewood’s premier dining corridor at 23 East Palisade Avenue. Generating over $4.5 million in annual gross revenue, this 10,000 square foot, two-level restaurant and lounge delivers immediate cash flow within one of Bergen County’s most affluent and established restaurant markets. The main level encompasses approximately 5,000 square feet of upscale dining space featuring a full-service bar and lounge with seating capacity for 220 guests, while the 5,000 square foot lower level supports operations with a fully equipped prep kitchen, storage, and back-of-house infrastructure. The current lease structure offers favorable stability with $23,000 per month in rent, seven years remaining on the term, and one five-year extension option, providing long-term operational security for a new owner. Akai Lounge is widely recognized for its modern Japanese cuisine and energetic nightlife atmosphere, operating under a dual-concept experience known as Blue Akai, which blends a refined sushi lounge with a vibrant Tex-Mex fusion component. The interior design reflects a contemporary, upscale aesthetic often compared to a trendy New York City nightclub, highlighted by red accent walls, subdued lighting, elegant finishes, and a dynamic bar environment that transitions seamlessly from daytime dining to high-energy evening entertainment. The ambiance supports a wide range of clientele, including business lunches, social gatherings, private events, and late-night hospitality, making it a versatile revenue platform with strong food and beverage margins driven by its full liquor license. Positioned in downtown Englewood, the property benefits from consistent foot traffic, high household incomes, proximity to Manhattan, and a dense residential base that supports premium dining experiences. This is a true turnkey opportunity for an experienced restaurateur, hospitality group, or strategic investor seeking an established brand with proven financial performance and immediate scalability. With strong existing revenue, a transferable liquor license, long-term lease security, and significant brand recognition, Akai Lounge represents a rare chance to step into a fully operational, high-volume Bergen County hospitality destination with both stability and upside potential.

Listed rate may not include certain utilities, building services and property expenses

Fully Built-Out as a Restaurant or Café Space

Located in-line with other retail

High End Trophy Space

This opportunity is well-suited for:

Experienced restaurateurs

Hospitality groups seeking North Jersey expansion

NYC operators looking for a suburban flagship

Private equity or strategic hospitality investors