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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Well Known Pub Restaurant For Sale

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $225000
Net Profit / Cash Flow  $60000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  1 - 3
Inventory  $175,000 equipment & $1,500 inventory.
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will remain after closing and supply a long term transitional period.
Reason for Sale  Retiring after many years of success into alternative industry.

Local and well know Pub Restaurant located on Route 23 in Passaic County, New Jersey. The owner is retiring after many years in the industry and is selling the business at fair market value. The facility is quaint and clean with an attractive comfortable image. This Pub offers good service, great atmosphere, pool, darts in additional to drinks and food. The sale includes a valuable liquor license including all required equipment to maintain this business. The sale includes a valuable consumption liquor license, full bar, kitchen including various equipment required for this particular industry. The building has a legal capacity for 55 customers, 1,400 sq ft, on one main floor with a full storage basement. This retail business requires employees such as bar & kitchen personal who are unaware of the pending sale and expected to remain post closing. This business location has substantial municipal parking near to the site. The business is operational six days weekly with hours from 4:30 pm to 2:00 am. The business has a New Jersey State consumption liquor license. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service. The facility consists of 1,500 square feet with a clean attractive image. This business has a full bar, private seating and up to date, clean bathrooms. The facility has a full basement presently used for storage with lots of shelving. This business is located in an urban area of Passaic County, New Jersey on a highly active county road close minutes from US Route 80.

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