1037 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Successful Pub Restaurant

11/wk
Bergen County, New Jersey, United States
Photos Website Map
Asking Price$350,000
Revenue$649,000 Established1980
Cash Flow$186,000 Employees8 full-time
FF&E$180,000* FranchiseNo
Inventory$2,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Successful Pub restaurant located in Northern New Jersey, Bergen County, minutes from the George Washington Bridge and in a wonderful active & affluent community. The business has a yearly gross income of $649,000 and a consistent net yearly income to the owner/operator. The company gross sales represent 55% liquor and 45% food resulting in a moderate cost of goods and a substantial mark up. This particular business has eight full & party time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $24,000. The restaurant has an assignable lease which expires 2027 -01-01 plus additional options, with a monthly rent of $9,233 all in, and rent security $30,000. The business facility consists of 2,600 square feet has a capacity for approximately one hundred & ten customers. The company assets have an estimated value of $180,000 which is based on the past year’s balance sheet. The sale consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, use of a consumption liquor license which Must remain as part of the lease, 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 nearby to the business. The company is active seven days per week, with hours from 12:00 noon to 1:00 am, however the business can remain open to 2:00 am. 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 45% 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 business opportunity is located in Northern New Jersey, Bergen County, close to Garden State Parkway and US Route 80 and consists of various highly populated communities with continued demand for this particular food service. The business consists of a modern retail facility, two floors which consist of 2,600 square feet with an attractive modern appearance. The business is on an active commercial avenue with various other active and successful businesses.
Competition:To the best of our knowledge, due to the unavailability of any 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, poor web site, semi absentee ownership, and if improved can further develop the business bottom line net income.
Training/Support:The sellers will remain post-closing in order to supply an appropriate training & transitional period to the new operator.
Seller Financing:Approved to a qualified buyer with appropriate down payment.
Sale Reason:The owners represent four absentee partners who have full time jobs.
Ad #97225
Seller Reference #BAR659
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.
973-837-0808
Name
Email Address
Message