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Pub Restaurant For Sale w/ Property Option

Middlesex County, New Jersey, United States
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Asking Price$250,000
Revenue$400,000 Established1955
Cash Flow$85,000 Employees5 full-time
FF&E$150,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Popular Pub Restaurant with an option to purchase the property which is located in Northern New Jersey, Middlesex County. This facility is twenty four hundred square feet with a full bar, commercial kitchen and seating for seventy five customers. The owner is retiring and will supply training and some financing to a qualified buyer. The sale includes a fully equipped Pub Restaurant including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, including all the necessary equipment to maintain the day to day business operation. This particular business has five part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,200. The sale will include an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $3,000 and rent security $3,000 plus an option to purchase the property. The business facility which consists of 2,400 square feet and has a capacity for approximately seventy five customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a consumption liquor license, a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator. 2014 gross yearly income is $400,000 and a yearly net income of $85,000. Asking price is $250,000 with an option to purchase the property. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.
Facilities:This pub restaurant consists of 2,400 square feet with a clean attractive image, two entrances and a full basement. The business location is Northern New Jersey and in the County of Middlesex which consist of various highly populated communities.
Competition:To the best of our knowledge no other new competitors are expected near to this business due to the required liquor license and zoning approval and the owner has agreed to supply a long term non compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan and can be further improved.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years in the bar industry.
Ad #71481
Seller Reference #BAR527
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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