Monday, Aug. 25, 1930
Saloon for Sale
Last week Prosecuting Attorney Edward O. West of Bergen County, N. J. put down his Bergen County Record and blinked his eyes. He had just finished reading:
FOR SALE--Saloon with property; old people want to retire; doing a $40,000-a-year business; never any liquor difficulties; catering to a select trade; a live wire can clear at least $20,000 yearly. This is one of the outstanding opportunities of a lifetime. BERGEN BUSINESS BROKERS, 221 River St., Hackensack.
One Louis Cannel of Bergen Business Brokers blandly told the saloon's address --No. 491 Broad St., Carlstadt, N. J. (German community)--and blandly explained: "That place is an exclusive section. . . . Provided the new owners dispense the same high quality of liquor as handled by the present proprietors there is no reason why that should not make $40,000 a year, taking $10,000 in Christmas week alone." He said the difference in the advertisement between business done and what a "live wire" might clear was not protection money. Said he: "You don't have to pay when you run a place as high-class as this."
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