Irish Pub Restaurant
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $420000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 4 - 5
Inventory 245000 Equipment & 2000 Inventory
Number of Employees 4 - 5
Real Estate Leased
Training The owner will remain post-closing 30 days and supply a satisfactory transitional period.
Reason for Sale The owner has an alternative business out of county.
Ultra-modern Irish Pub & Restaurant located in Northern, New Jersey in the county of Hudson and minutes from the New Jersey Giant Stadium. This successful business has a gross yearly income of $420,000 and averages a consistent 20% return to the owner operator. The business has a very attractive fully upgraded image with a modern commercial kitchen, solid oak bar and all upgraded equipment. This particular business has four employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $5,900. The business has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $3,400 and rent security $5,100. The business facility which consists of 1,950 square feet has a capacity for 95 customers. The sale includes a fully equipped Pub Restaurant including a retail consumption liquor license, 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 appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:30 am to 3:00 am. The sale includes a certificate of occupancy for this business location and food license from the particular municipality. The sale includes a valuable consumption liquor license and a long term commercial lease with additional options. The business has substantial private parking and is operational seven days weekly. The present owner is absentee, involved in an alternative business, out of the area and will finance this sale to a qualified buyer. This is an excellent business opportunity and based on the asking price, required down payment and yearly net income, the business expect to supply a 45% investment return to the owner operator.
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