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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Sports Pub With Packaged Goods For Sale

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $200000
Net Profit / Cash Flow  $40000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1950
Number of Employees  1 - 3
Inventory  375000 Equipment & 15000 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale  Owner is absentee and is now retiring after many years of success.

Description  
Great opportunity to purchase this Pub Sports bar with package goods approval. This long standing successful business has existed at this location for fifty years. The business is located on an active county road minutes from US Route 80 and conveniently close to numerous populated communities. The sale includes all of the assets including the liquor license with an $80,000 actual value. The business has a commercial kitchen, a second floor unit and a full basement. The business offers various activities including pool, shuffleboard table, games and weekly karaoke night. They have various 42'' flat screen HD TVs for your favorite sporting events viewing. The seller will finance the sale with an appropriate down payment to a qualified buyer. The business is priced to sell at a very competitive price. The sale includes all the business assets and liquor license. The building has a capacity for 79 customers, 1,600 square feet, with a full basement and a second floor unit. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $2,600 and rent security $2,600. Also, the seller will supply an option to purchase the real estate. This retail business requires bar maids and cooks and the staff is unaware of the pending sale and fully expected to remain post-closing, monthly payroll $1,800. The facility has substantial private parking on the site. The business is operational seven days weekly with hours from 4:00 pm to 2:00 am. The business has a New Jersey State liquor license and entertainment approval. Based on the asking price, required down payment and net income this business should supply an 18% return to the owner operator prior to debt service. Contact for more information on this Sports Pub With Packaged Goods for sale.


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