924 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Popular College Town Pub For Sale

Middlesex County, New Jersey, United States
Photos Website Map
Asking Price$275,000
Revenue$365,000 Established1990
Cash Flow$95,000 Employees5 full-time
FF&E$275,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Popular college town Pub Restaurant with entertainment approval and located close to Rutgers University, which is a very highly populated college area. This Pub Restaurant is in an urban city of Middlesex County, New Jersey. This 3,200 square foot facility consists of a large bar area and a separate room for dance and entertainment. The sale includes a very valuable consumption liquor license and a fully equipped night club. The sale is due to a divorce and seller financing is available to a qualified buyer. The business facility also has a commercial kitchen which is not presently in use. The sale includes a fully equipped turnkey lounge, a POS system, tables, computers, liquor license, Ice machine, tap equipment, kitchen, refrigeration units, including all the necessary equipment to maintain the day to day business operation. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,500. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,500 and rent security $14,000. The business facility which consists of 3,200 square feet has a capacity for approximately one hundred customers. The facility has appropriate municipal parking nearby to the business location. The business is active six days per week, with hours from 7:00 pm to 2:00 am. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent and dependable investment return to the owner operator prior to debt service. 2015 gross yearly income is $365,000 and a yearly net income of $95,000 prior to the buyer’s debt service. The asking price is $275,000 and this sale is based on a multiple of the net yearly income along with the value of the liquor license asset and seller financing has been tentatively approved to a qualified buyer. 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 facility consists of a 3,200 square foot first floor bar lounge. The business has a large bar to service, commercial kitchen and a full basement. The business is on an active commercial avenue with various other retail businesses. The business is located in Middlesex County, New Jersey, which consists of various communities with continued demand for this particular retail service industry.
Competition:To the best of our knowledge and due to the valuable liquor license, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently does not have a marketing plan or web site and if improved can further developed the business bottom line corporate income.
Training/Support:The owner will remain post-closing for 30 days and supply a transitional period.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The sale is due to a divorce settlement.
Ad #86258
Seller Reference #BAR600
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
Email Address