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Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale

Country Pub

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $282000
Net Profit / Cash Flow  $49000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1975
Number of Employees  1 - 3
Inventory  150000 Equipment & 1500 Inventory
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will remain after post closing for thirty days to supply a satisfactory training and transitional period.
Reason for Sale  The owner is retiring after many years of success.

Description  
Charming country Pub fully upgraded with a clean warm and modern image. This is an excellent opportunity with a consistent income and owner financing to a qualified buyer. This long established modern Pub Restaurant can be purchased with a long lease or with the real estate. The facility consists of 1,800 square foot with a fully equipped commercial kitchen and a huge rectangular bar. The sale includes a valuable consumption liquor license, commercial kitchen, ice machine, all the required kitchen equipment including various equipment required for this particular industry. The building has a legal capacity for 80 customers, 1,800 square feet, consisting of one floor and a full basement used for storage. This business has two employees (kitchen help and bar persons) who are unaware of the pending sale and expected to remain post closing, monthly payroll $1,650. This business location has substantial private parking on the site as part of the lease. The business is operational seven days weekly with hours from 4:00 pm to 2:00 am. This particular industry requires a state consumption license and a certificate of occupancy from the appropriate government agency to conduct its day to day operation. The business has a commercial lease which expires 2024-01-01 with a monthly rent of $2,800 and security $5,000 and an option to purchase the property. The business is located in Northwestern NJ, Warren County minutes off US Route 46 and on an active county road for customer convenience. Based on the asking price, required down payment and net income this business should supply a 28% return to the owner operator prior to debt service. This is an excellent safe business opportunity priced very aggressively which can be substantially developed.


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