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Pub Restaurant For Sale

47/wk
Essex County, New Jersey, United States
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Asking Price$275,000
Revenue$350,000 EstablishedUndisclosed
Cash Flow$80,000 Employees6 full-time
FF&E$205,000* FranchiseNo
Inventory$1,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Solid purchase opportunity to own a highly successful Pub restaurant in an affluent area of Essex County, New Jersey. The owners are retiring and will offer financing to a qualified buyer. This successful tavern restaurant business operation is active seven days per week, with hours from 12:00 pm to 2:00 am. This company has six full & part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll is approximately $9,800. The facility has appropriate private and municipal parking on site as part of the commercial lease. The business has an estimated capacity for ninety customers. Due to the NJ State issued liquor license, this purchase will require government licensing approval to purchase or operate. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. 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 29% investment return to the owner operator prior to debt service. 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 successful retail facility, which consists of 2,000 square feet with separate rooms has an attractive appearance. The business consists of a free-standing building corner property on an active county road with various other active and successful businesses. This opportunity is in Northern New Jersey, Essex County, which consists of various highly populated affluent communities with continued demand for this food product and personal service.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business.
Growth Potential:The business presently has a limited marketing plan, No web site and if improved can further develop the business yearly gross sales.
Training/Support:The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to qualified buyers.
Sale Reason:The sale is due to the owners retirement.
Ad #93625
Seller Reference #BAR638
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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