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Asking Price$650,000
Revenue$875,000 Established1980
Cash Flow$168,000 Employees7 full-time
FF&E$110,000* FranchiseNo
Inventory$3,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Most unusual & profitable business opportunity with owner financing for this popular sports pub restaurant with live music, located in Southern New York and in active community area of Rockland County. The facility consists of 2,600 square feet with a huge bar area and seating for approximately 135 customers. The business has a yearly gross income of $875,000 and a substantial / dependable yearly net income to the owner operator. The business gross sales represent 65% liquor and 35% food sales, which represents a substantial mark up-profit for owner operator. This Pub is known for its wonderful atmosphere, good dependable food & drinks, numerous flat screens TV’s and quality service. Based on the asking price, required down payment and net income, this business will supply a 27% return to the owner operator prior to debt service. This is a wonderful opportunity with dependable income and the ability for further improvement by on site ownership.
Facilities:This pub restaurant business is located in an active commercial area of Rockland County, New York with various other businesses. The business is conveniently located close to numerous roads and is well known in the general area as a popular bar restaurant. The facility which is 2,600 square feet with a huge bar also has a large modern kitchen and a 2,000 square feet full basement. The facility has separate areas for private dining and the continued capacity for high production.
Competition:No other similar competitors exist in the particular area of this business and the seller will supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business needs onsite management for an improved operation, also by instituting more live music and a marketing plan this business can be further developed.
Training/Support:The seller will supply a training period and remain post closing for 30 days.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:Owner is semi absentee with a f/t job and cannot continue to run business.
Ad #91445
Seller Reference #BAR624
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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