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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Irish Pub W / Property For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $667000
Net Profit / Cash Flow  $145000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1970
Number of Employees  6 - 9
Inventory  275000 Equipment & 2000 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  The owner is retiring from the industry after many successful years.

Highly successful Irish Pub Restaurant located in Monmouth County and in the Belmar New Jersey area. The owner has elected to retire and sell this solid business and property opportunity. The Pub is located in a wonderful active town, established in 1970, upgraded in 2005 and is one of the best bars in Belmar New Jersey. The business offers great foods, drinks, live entertainment, private parties, catering and sports TV. They are well known for their popular happy hour and ongoing specials. This Belmar Pub has numerous Flat Panel TVs and an 84? HDTV Projection screen so you can really enjoy football Sundays! The Pub offers great pub games and some of the talented live entertainment bands in the Monmouth County, Belmar area. This particular business has six employees consisting of bar maids and kitchen workers who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $8,400. The business facility which consists of 2,500 square feet and has a capacity for approximately one hundred customers. The sale includes a fully equipped Pub Restaurant including a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The facility has some private parking on site and municipal street parking. The business is active seven days per week, with hours from 12:00 am to 12:00 pm. The sale includes a certificate of occupancy and entertainment approval from the particular municipality and a state issued consumption The business has a gross income of $667,000 and a net yearly income of $145,000 prior to debt service. The property has an estimated value of $745,000 and the sale includes a very valuable consumption liquor license.

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