BUDD LAKE, NJ – In July, Adams Family Pub and Restaurant shut down and the search for a new tenant at the locations continues.
The former Adams Family Pub and Restaurant, located at 41 US Highway 46, is offering 4,132 square feet of retail space with a negotiable rent term of 1-10 years. Situated in the scenic town of Mount Olive in Morris County, the property is only minutes away from Route 80 and seconds from the International Trade Zone.
The venue includes a well-designed interior, high-quality kitchen equipment, and a strong existing customer base. With a full build-out condition, the space is immediately available for occupancy.
Built in 2011, the 5,000-square-foot building can accommodate up to 200 guests and features an outdoor dining patio. It also has a designated room for private parties and special events. The large kitchen and preparation area, along with two walk-in boxes, provide ample storage space for restaurant operations.
For convenience, the property includes two public restrooms and one private restroom for staff. A private parking lot with 78 spots enhances the customer experience by ensuring easy access to the venue.
The liquor license for the turn-key restaurant is also available for purchase, offering an added incentive for potential buyers.
Overall, the Adams Family Pub and Restaurant presents an exceptional opportunity for those looking to invest in a well-established, turn-key operation in a densely populated area.
By Philip Blenkinsop
BRUSSELS (Reuters) – The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for U.S. clean vehicle tax breaks, a senior U.S. official said on Monday.
The transatlantic partners are negotiating whether and how EU critical minerals, such as lithium and nickel, can qualify for green subsidies under the U.S. Inflation Reduction Act, which promotes products manufactured in North America.
Jose Fernandez, under secretary for economic growth, energy and the environment at the State Department, told a briefing in Brussels that both sides were in intense negotiations.
“I’m hopeful, optimistic. Negotiations are good. We realise that we need to work together and I am confident that we will have an agreement,” he said.
He added there was no plan to tie an agreement on critical minerals to the result of separate transatlantic negotiations to resolve a bilateral dispute over U.S. import tariffs on EU steel.
The United States signed a minerals deal with Japan in March. Now, both the EU and Britain are looking for the same.
Fernandez also said he was meeting EU officials to discuss an agenda for the next joint Trade and Technology Council, which the United States will host before the end of the year.
He said both sides aimed to work on establishing safeguards for artificial intelligence, which they agree should support democratic values, human rights and individual freedoms.
“I think there’s a desire to get beyond those kinds of general statements and to have more concrete,” he said, adding there was no specific timetable to reach an agreement, but a sense this need to occur sooner rather than later.
(Reporting by Philip Blenkinsop; Editing by Mark Potter)
(Note: Paragraph 4 contains language that some readers may find offensive)
LONDON (Reuters) – Live Aid, the transatlantic concert that raised millions for famine relief in Ethiopia, is being turned into a stage musical that will premiere at London’s Old Vic next year, the theatre said on Monday.
Organised by rockers Bob Geldof and Midge Ure almost 40 years ago, Live Aid was watched by an estimated 1.5 billion people.
“If this musical encourages just one person to have a positive impact for the better, then it will be a job well done,” Geldof said in a statement on The Old Vic website.
He said he had watched the production develop. “I’m looking forward to seeing it … it better not be shit!” the famously outspoken singer turned campaigner turned entrepreneur added.
“Just For One Day” written by author John O’Farrell and directed by Luke Sheppard, will run at The Old Vic from January 26 to March 30, 2024. The theatre said the production had the permission from the Band Aid Charitable Trust, which will get 10% from the sale of each ticket.
“For those of us who were around in the ‘80s, Saturday 13 July 1985 I’m sure will be one of those days that is forever etched in our memories,” Old Vic artistic director Matthew Warchus said.
“We all remember where we watched Live Aid, who we watched it with, and the pure amazement at the feat that was unfolding before our eyes.”
The show will feature songs by Bob Dylan, David Bowie, Queen, The Who, Paul McCartney, Elton John, The Boomtown Rats and others who appeared at the concert that was held simultaneously at London’s Wembley Stadium and the John F. Kennedy Stadium in Philadelphia.
It came the year after Geldof and Ure called in a choir of pop stars to record the Band Aid single “Do They Know It’s Christmas?” to raise money to help people caught up in the famine spreading in Ethiopia.
(Reporting by Marie-Louise Gumuchian)
By Karin Strohecker and Sumanta Sen
LONDON (Reuters) – Central banks across major developed economies delivered what looked like a last gasp set of rate hikes in September, while economies in both Latin America and emerging Europe were on track for continued easing.
September saw nine of the central banks overseeing the 10 most heavily traded currencies hold rate setting meetings, though just three – Sweden, Norway and the European Central Bank – hiked rates, by a cumulative 75 basis points. The U.S. Federal Reserve, the Bank of England as well as Australia, Canada and Japan all opted for no change, Reuters data showed. New Zealand’s central bank did not meet.
September’s moves compare to two hikes across four meetings in August – traditionally a more quiet month for monetary policy decisions – and take the 2023 year-to-date tally for G10 central banks to a total of 1,150 bps across 36 hikes.
“We have reached cruising altitude for the central banks – at 4% for the ECB and 5.25%-5.50% at the Fed, I do not see any more hikes in the near future,” said Bjoern Jesch, global chief investment officer at DWS Group.
“Policy is restrictive right now – it will bring down growth, but not in a massive way.”
Markets have seen some seismic shifts in recent weeks after being forced to adjust to the ‘higher for longer’ mantra propagated by major central banks.
Diverging rate trajectories were on full display in emerging economies where 16 out of the 18 central banks in the Reuters sample held meetings in September.
Latin America and central and eastern Europe are at the forefront of the easing cycle, with Brazil, Chile and Poland lowering benchmarks, taking the cumulative amount of rate cuts to 200 bps for September, and the annual total of cuts to 420 bps across eight moves lower.
Hungary also reduced one of its rates – the one-day deposit rate by 100 basis points to 13% last week – aligning it with the main base rate which it left unchanged.
However, the recent jump in oil prices has added to uncertainty over how fast the easing cycle could progress.
“Most policy makers are quite cautious,” said Kaan Nazli, a portfolio manager at asset manager Neuberger Berman.
“I don’t think we’re back to the point where these central banks will start tightening again..but if you are a central banker, especially of an oil importing country, you do become more cautious.”
On the other hand, a select number of central banks in emerging markets were still in hiking mode.
Turkey, which is struggling with inflation pressures and a currency that is sliding from one record low to the next, delivered another bumper 500 bps rate hike. Russia raised its benchmark by 100 bps while Thailand also hiked rates in surprise decision, taking the monthly tightening tally across developing economies to 625 bps in September and the total in the year-to-date to +3,475 bps through 30 hikes.
(Reporting by Karin Strohecker in London and Sumanta Sen in Mumbai, editing by Christina Fincher)