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Successful Pub Restaurant For Sale

Northampton County, Pennsylvania, United States
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Asking PriceUndisclosed
Revenue$2,063,957 Established1996
Cash Flow$485,000 Employees50 full-time
FF&E$270,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This sale represents a highly successful Pub Restaurant with an option to purchase the property, which has a gross income of $2,063,957 and a consistent net income to the owner operator. This is one of the hottest nightspots in the area which offer an experience for all their customers. They feature live music, along with your favorite signature infused liquor. They spend the time and resources needed to ensure their menu items contain only the freshest, top-notch ingredients available prepared to order. They proudly offer a casual but refined atmosphere that welcomes beer drinkers and wine snobs, non-fussy eaters and foodies alike. Their customers enjoy a wide selection of draught or bottled beer or whatever else takes your fancy at the bar, maybe even try one of their Shot Specials. They also have a wonderful menu with lots of great bar food and tasty lunch or dinner options. The business has an incredible reputation and services a huge college population in the city. Consider them the modern American gastropub where the food is as important as the drink and you find yourself in a comfortable limbo between bar, restaurant, and lounge. They are your charming neighborhood watering hole. This food and service industry requires state & municipal government licensing approval to purchase and operate due to the food and liquor services. This company has 50 full & part time employees who are unaware of the pending sale fully expected to remain post-closing, and the monthly payroll is approximately $40,000. The sale will include a commercial lease which will expire 2027-01-01 plus additional options, with a monthly rent of $6,500, cost per square foot is estimated at $29.20 and rent security of approximately $13,000. This restaurant pub is in a free stranding commercial building, on an active county road, consists of two floors, approximately 3,000 square feet and has an estimated capacity for 135 customers. The business fixed assets has an estimated value of approximately $270,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system, web site, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal and private pay parking near to the facility. This successful bar restaurant business operation is active six days per week, with hours from 4:30 pm to 2:00 am. The sale includes all the required documentation including a certificate of occupancy from the municipality and the required state & city licenses to conduct its day to day business. The business has been valued based on a multiple of the net yearly income which includes the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Also, the property is available to purchase at fair market value. This is a very unusual purchase opportunity which offers a substantial net income and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This business operation is in a major Pennsylvania City, which has a very well-known state college and has State approved gambling which attract a huge number of visitors. The facility which consist of 3,000 square feet, has been upgraded and has a modern attractive appearance. The business is on an active commercial avenue with various other successful businesses. This bar opportunity is in Eastern Pennsylvania in the county of Northampton, which consists of various highly populated communities with continued demand for this industry.
Competition:Although competitors presently exist in the industry, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a basic marketing plan, standard web site which can be improved to further develop the yearly gross sales.
Training/Support:The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Is available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner is relocating out of this food & service industry.
Ad #102700
Seller Reference #BAR689
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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