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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Pub Restaurant

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $360000
Net Profit / Cash Flow  $75000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1950
Number of Employees  4 - 5
Inventory  125000 Equipment & 1200 Inventory
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale  Retiring after many years of success in this industry.

Description  
Owner retiring after many successful years in the food service industry for this most successful Tavern Restaurant with many years of success located in a wonderful urban area of Passaic County, New Jersey. The business sale includes the real estate consisting of four rental incomes (which includes the business) with a gross income of $78,900 yearly. The Pub Restaurant business has an additional gross income of $285,000 and a net income of $60,000. The sale includes the business with a consumption liquor license, commercial kitchen and fully equipped with all the required equipment. The sale also includes the real estate which has four rental incomes. The tavern has a capacity for 101 customers consisting of 2,000 sq ft and three residential units on two additional floors, 3,000 square feet with a full basement. The site has adequate private parking for ten vehicles which is part of the sale. The business is operational seven days per week with hours from 11:00 am to 3:00 pm. The business has a New Jersey State consumption liquor license as part of the sale and entertainment approval. The business has a full staff of four experienced employees, unaware of the pending sale and expected to remain post closing and a monthly payroll of $3,450. The site is located on an active county road conveniently located to numerous highways. This very well known Tavern has a consistent income and services various communities throughout the area. The facility is clean and ultra modern with an attractive image. This opportunity represents a turnkey purchase with a solid net income to the owner operator. Based on the asking price, required down payment and yearly net income, this business expect to supply a 25% investment return to the owner operator.


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