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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Pub Restaurant With Property Option

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $400000
Net Profit / Cash Flow  $85000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1955
Number of Employees  4 - 5
Inventory  $150,000 equipment & $1,500 inventory.
Relocatable  No
Number of Employees  4 - 5
Real Estate  Owned
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  Retiring after many years of success in this industry.

Description  
Popular Pub Restaurant with option to purchase the property located in Northern New Jersey Middlesex County in the Woodbridge area. This facility is twenty four hundred square feet with a full bar, commercial kitchen and seating for thirty customers. This particular business has five part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,200. The sale will include an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $3,000 and rent security $3,000 plus an option to purchase the property. The business facility which consists of 1,800 square feet has a capacity for approximately seventy five customers. The sale includes a fully equipped Pub Restaurant including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a valuable consumption liquor license, a certificate of occupancy from the particular municipality and the required food license approval from the city. The owner is retiring and will supply training and some financing to a qualified buyer. The property purchase also represents a second floor rental apartment and a dependable monthly rent. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 29% investment return to the owner operator.


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