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Pub Restaurant For Sale

71/wk
Rockland County, New York, United States
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Asking Price$275,000
Revenue$500,000 Established2005
Cash Flow$95,000 Employees6 full-time
FF&E$185,000* FranchiseNo
Inventory$1,200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Solid business opportunity for this sixty-year-young Pub Restaurant and Deli, located in Rockland County New York. The business has a consistent gross income of $500,000 and can be further developed with an onsite owner operator. The business income represents 70% restaurant pub and 30% from the deli operation. This transaction also has an income from Lotto, ATM and vending equipment. This Restaurant & Pub embodies the spirit of an English style business with a friendly, neighborhood atmosphere. For Qualifications purposes, this industry will require government licensing approval to purchase or operate due to the state issued consumption liquor license. This company routinely has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $13,400. This business transaction will offer a new ten-year commercial lease which will expire 2029-01-01, plus additional options, with a monthly rent of $3,500, cost per square foot is estimated at $21.00, and rent security of approximately $3,500. The business is in a free stranding commercial facility, on an active county road minutes from the New York Throughway, consists of approximately 2,000 square feet and has an estimated capacity for eighty-five customers. The business fixed assets has an estimated value of approximately $185,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial restaurant pub and deli, which includes, required licenses, displays, shelving, POS system, tables, liquor license, computers, software, kitchen, refrigeration & freezer units, fire suppression system 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 private parking on site as part of the commercial lease. This successful retail business operation is active seven days per week, with hours from 7:00 am to 4:00 pm. The sale includes all required documentation including a certificate of occupancy from the local municipality and the required state or city licenses to conduct its day to day business. The business has been valued / priced at $275,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Additionally, the owner will offer the property for sale with the business, the price for both is $635,000. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. This business opportunity also offers an option to purchase the real estate and based on a 25-year payout at 6% interest, approximately 20% down payment, purchaser should obtain a consistent net yearly income return on investment after debt service. Please do not disturb business, this sale is 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 long-standing pub restaurant and deli is located in southern New York, Rockland County. The general area consists of various highly populated communities. The business consists of approximately 2,000 square feet with a quaint and attractive appearance. The business has separate entrances for the bar restaurant and a separate entrance for the deli operation.
Competition:Regarding competition, 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 no local advertising or web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller will supply additional training at a fair cost to the purchaser.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:The sale is due to the owner’s illness
Ad #103264
Seller Reference #BAR686
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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