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Restaurant Cafe For Sale

13/wk
Bergen County, New Jersey, United States
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Asking PriceUndisclosed
Revenue$550,000 Established1975
Cash Flow$103,000 Employees6 full-time
FF&E$192,000* FranchiseNo
Inventory$2,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful & well known Pub Restaurant, a stylish yet casual neighborhood staple, specializing in the finest beers and delicious New American cuisine. They are located in an active area of Bergen County, New Jersey and minutes from the NJ Giant Stadium and Meadowlands malls. The business has a consistent gross income of $666,000 and a dependable net yearly income of $138,000 to the owner operator. Their warm, contemporary interior allow for a comfortable and cozy experience, they are open for brunch, lunch and dinner, with an extensive new drink menu featuring delicious cocktails, wine, and local craft beers. The restaurant has a wonderful reputation for its popular food menu throughout the area. This very popular Pub Restaurant was established in 1970 with a casual, contemporary atmosphere and features a solid menu and wonderful service. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This business offering will include an option to purchase the real estate, which has two residential units with a yearly rent income of $34,800. This industry requires State government approval to purchase due to the liquor license. This modern retail facility which consist of 3,000 square feet has a warm attractive appearance. The business is located on a commercial avenue with various other active and successful businesses close to various state highways. This opportunity is located in Northern New Jersey, Bergen County, minutes from the New York Lincoln Tunnel and the New Jersey Giant Stadium. The area consists of various highly populated affluent communities with continued demand for this food service. This particular business has six employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $12,800. This business transaction will include a new commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $4,500 and rent security $9,000. Additional option to purchase the property will be supplied. The business  is located in a free stranding facility on an active avenue, which consists of 3,000 square feet and has a capacity for ninety-eight (98) customers. The business assets have an estimated value of $192,000 which consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, 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. The facility has appropriate municipal parking close to the business location. The business is active seven days per week, with hours from 11:30 am to 2:00 am. The sale includes a certificate of occupancy from the particular municipality, state issued consumption liquor license and the required state or city licenses to conduct its day to day business operation. Based on the purchasers request the owner will remain post-closing in order to supply an appropriate transitional period to the new operator. The sellers consist of an absentee group involved in full time employment. The business presently has a basic marketing plan and web site and if improved can further develop the business bottom line net income. To the best of our knowledge, due to the unavailability of new 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. The 2015 yearly gross income is $666,000 and the business has a yearly net income of $138,000 based on an owner operator and prior to debt service. The business has been valued based on a multiple of the net yearly income including 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. 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 does Not represent this particular business opportunity.
Facilities:This modern retail facility which consist of 3,000 square feet has a warm attractive appearance. The business is located on a commercial avenue with various other active and successful businesses close to various state highways. This opportunity is located in Northern New Jersey, Bergen County, minutes from the New York Lincoln Tunnel and the New Jersey Giant Stadium. The area consists of various highly populated affluent communities with continued demand for this food service.
Competition:To the best of our knowledge, due to the unavailability of new 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 has a basic marketing plan and web site and if improved can further develop the business bottom line net income.
Training/Support:Based on the purchasers request the owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Absentee group involved in full time employment.
Ad #87892
Seller Reference #BAR607
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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