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Pub & Real Estate - Business For Sale

59/wk
Bergen County, New Jersey, United States
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Asking Price$735,000
Revenue$385,000 Established1997
Cash Flow$85,000 Employees3 full-time
FF&E$175,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Owner retiring after forty years of ownership with this long standing well known profitable Bar Restaurant business opportunity, located in Northern New Jersey in Bergen County. The transaction includes the real estate which also has a second unit residential rental income to the owner. The business has a gross income of $385,000 and a consistent net yearly income to the owner operator. This company has three full / part time employees who are unaware of the pending sale, who are fully expected to remain post-closing, and the monthly payroll expense is approximately $6,300. The business is on a commercial avenue, and an active county road, consists of approximately 1,220 square feet and has an estimated capacity for approximately fifty-five customers. The business fixed assets has an estimated value of approximately $175,000 which is based on equipment, liquor license and licensing replacement cost. This transaction consists of a Pub Restaurant which includes a 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 a two-car garage and appropriate municipal parking near to the facility. This successful bar restaurant business operation is active seven days per week, with hours from 11:00 am to 2:00 pm. 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 safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The business expects a net income from the business of $88,000 and as the real estate owner an additional rental income of $47,400. Based on a 25-year payout at 5% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment prior to debt service. Please do not disturb business, this sale is 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:The business is on a busy commercial avenue with many other retail businesses. This opportunity is in Northern New Jersey, Bergen County, and the general area consists of various highly populated communities with continued demand for this service. This successful pub restaurant facility which consist of approximately 1,225 square feet has a pleasant attractive appearance. The liquor license also allows the use of the outside rear porch for drinking and smoking.
Competition:To the best of our knowledge, due to limited available liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a very limited marketing plan, no web site and if further developed can further improve the business yearly gross sales.
Training/Support:The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Seller Financing:Seller financing is available to a qualified buyer
Sale Reason:The sale is due to the owner’s retirement after forty years in this industry.
Ad #97576
Seller Reference #BAR661
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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