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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Popular Bar

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $315000
Net Profit / Cash Flow  $60000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1965
Number of Employees  1 - 3
Inventory  120000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The owner will remain post-closing for 30 days and supply a transitional period.
Reason for Sale  The owner is retiring and relocating to Florida.

Description  
Priced for a quick sale for this long standing successful Pub business located in Passaic County, New Jersey in a highly populated urban city. The business has a monthly gross income of $26,000 and consistent net income to the owner operator. The business additionally has outside seating from an attractive patio. The sale includes a long term fifteen (15) year lease at a modern rent and with an option to purchase the real estate. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $2,900. The business includes a new commercial lease which will expires 2029-01-01 plus option to purchase the real estate, with a monthly rent of $2,600 and rent security $2,600. The business facility which consists of 1,600 square feet and has a capacity for approximately seventy five customers. The sale includes a fully equipped Pub including a consumption liquor license with a value of $95,000, refrigeration & freezer units, large sit-down bar, displays, shelving, tables, computer, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private & municipal parking, as part of the commercial lease. The business is active seven days per week, with hours from 12:00 noon to 3:00 pm. The sale includes a certificate of occupancy from the particular municipality for use as a pub, and the required food license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 50% investment return to the owner operator.


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