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Asking Price$150,000
Revenue$232,000 Established1955
Cash Flow$49,000 Employees2 full-time
FF&E$150,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Charming Country Pub Restaurant fully upgraded with a clean warm and modern image. This is an excellent opportunity with a consistent income and owner financing to a qualified buyer. This long established modern Country Pub Restaurant can be purchased with a long lease or with the real estate. The facility consists of 1,800 square foot with a fully equipped commercial kitchen and a huge rectangular bar. The business is located in Northwestern New Jersey, Warren County minutes off US Route 46 and on an active county road for customer convenience. The sale includes a valuable consumption liquor license, commercial kitchen, ice machine, all the required kitchen equipment including various equipment required for this particular industry. The building has a legal capacity for 80 customers, 1,800 square feet, consisting of one floor and a full basement used for storage. This business has two employees (kitchen help and bar persons) who are unaware of the pending sale and expected to remain post closing, monthly payroll $1,650. This business location has substantial private parking on the site as part of the lease. The business is operational seven days weekly with hours from 4:00 pm to 2:00 am. This particular industry requires a state consumption license and a certificate of occupancy from the appropriate government agency to conduct its day to day operation. The business has a commercial lease which expires 2024-01-01 with a monthly rent of $2,800 and security $5,000 and an option to purchase the property. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service. This is an excellent safe business opportunity priced very aggressively which can be substantially developed. The business 2015 gross yearly income is $232,000 and a yearly net income of $49,000. The business has been valued at $150,000 based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Package sale available for $395,000. 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 may not represent this particular business.
Facilities:This bar restaurant has been fully upgraded with a clean attractive image. The facility has a large bar with a seating capacity for twenty customers and additional table seating for forty. The business has a large well equipped commercial kitchen and a full basement used for storage. The facility consists of 1,800 square feet with a capacity for 80 customers. The business is located in North West New Jersey in the County of Warren which is generally a rural area of the state. The facility is minutes from US Route 46 and ten minutes from Route 80.
Competition:This general area has limited competitors, no other new liquor licenses are available and the seller has agreed to supply a non-compete agreement to the new operator.
Growth Potential:With a more aggressive marketing plan the business can be further improved resulting in an additional net profit to the owner operator.
Training/Support:The seller will remain after post closing for thirty days to supply a satisfactory training and transitional period.
Seller Financing:Some seller financing is available to qualified buyers.
Sale Reason:The owner is retiring after many years of success in this food service industry.
Ad #81010
Seller Reference #BAR595
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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