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Pub Restaurant For Sale in Afluent Area

1987
Essex County, New Jersey, United States
Photos Website Map
Asking Price$275,000
Revenue$350,000 EstablishedUndisclosed
Cash Flow$80,000 Employees6 full-time
FF&E$275,000* 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 is a dependable business opportunity is based on the asset value particularly the valuable consumption liquor license. Due to the NJ State issued liquor license, this purchase will require government licensing approval to purchase or operate. 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 business has an assignable commercial lease which expires 2026-01-01 with a monthly rent of $4,000, cost per square foot is estimated at $28.00 and rent security of approximately $5,000. The business is in a free stranding commercial facility, on an active county road, consists of approximately 2,000 square feet and has an estimated capacity for ninety customers. The business fixed assets has an estimated value of approximately $275,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped Pub Restaurant which includes a valuable consumption liquor license with an estimated value of $175,000, 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 private and municipal parking on site as part of the commercial lease. This successful tavern restaurant business operation is active seven days per week, with hours from 12;00 pm to 2:00 am. 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 business expects to supply a consistent investment return to the owner operator prior to debt service. The business is presently closed due to remodeling. 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 consist 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. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
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:Conditionally approved to a qualified buyer.
Sale Reason:The sale is due to the owner is retiring.
Ad #97922
Seller Reference #BAR666
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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