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Asking Price$475,000
Revenue$1,043,217 Established2009
Cash Flow$85,000 Employees20 full-time
FF&E$450,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A friendly neighborhood Pub Restaurant located in the heart of Hoboken, blocks from the Path subway and minutes to Manhattans world famous Central Park, the Theater District and Times Square. This highly popular restaurant pub is known for its great food, drinks and service including numerous HDTV's, internet jukebox and top of the line sound system for customers' enjoyment. They also feature all the local, national and international sporting events. The bar is a wonderful place for parties, special events and social get togethers, serving lunch and dinner daily, they have something to suit all their customers' needs. Looking to catch a game, or hang out with friends over a few beers, this bar & grill can accommodate all with over 50 sports channels on hand, they can accommodate the needs of almost any enthusiast who’s looking for a drink and a game to watch. If you’re hopping off the Path, the pub is located just blocks away from the station and offers Happy Hour specials daily. For Qualifications purposes, this industry requires government licensing approval to purchase or operate due to the New Jersey State issued consumption liquor license. The sale includes all the required documentation to conduct business including a certificate of occupancy from the local municipality and the required state or city licenses. This company has twenty full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $25,900. The business has an assignable commercial lease which expires in 3/01/2029, plus additional options possible, with a monthly rent of $12,000, cost per square foot is estimated at $55, and rent security of approximately $36,000. This pub restaurant business is on an active commercial avenue, consists of approximately 3,000 square feet and has an estimated capacity for one hundred & thirty-one customers. The business fixed assets has an estimated value of approximately $450,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped Pub Restaurant which includes a valuable consumption liquor license, commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, 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. This successful pub restaurant business operation is active seven days per week, with hours from 11:00 am to 2:00 am and 3:00 am during weekends. The business has been valued / priced at $475,000 based on a multiple of the net yearly income, and the valuable of the specific business assets. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a wonderful 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. 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 successful restaurant, which consist of approximately 3,000 square feet have a modern attractive appearance. The business is located on an active commercial avenue with hundreds of other active and successful retail businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of younger business residents and highly populated communities with continued demand for this industry.
Competition:To the best of our knowledge, due to the limited liquor licenses, 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 limited marketing plan, basic web site, semi absentee ownership and if improved can further develop the business yearly gross sales.
Training/Support:The owner, if requested, will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser.
Seller Financing:Can be available to a qualified buyer with an appropriate down payment.
Sale Reason:Owner is retiring after many successful years in this industry.
Ad #104071
Seller Reference #BAR697
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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