Pub Restaurant With Property Closed
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $150000
Net Profit / Cash Flow $40000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1989
Number of Employees 1 - 3
Inventory $89900 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller available to assist.
Reason for Sale Seller relocating.
Description Must sell this fully equipped Pub Restaurant with option to purchase this multifamily property. This business opportunity has been priced based on the value of the liquor license and assets. The business is located in Bergen County, New Jersey on an active commercial avenue. The business consist of 1,500 square feet fully equipped and prepared to conduct business. This particular business has recently closed and has no employees at this time, however the business did have a monthly payroll of approximately $3,100.
The sale includes a ten year commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $2,600 and rent security $2,600. The business is on a commercial avenue which consists of 1,500 square feet and has a capacity for approximately sixty eight customers.
The sale includes a fully equipped Pub Restaurant including a full commercial kitchen, refrigeration & freezer units, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request.
The facility has appropriate municipal parking on site as part of the commercial lease. The business was active seven days per week, with hours from 4:00 pm to 2:00 am. The sale includes a NJ state issued consumption liquor license, certificate of occupancy from the particular municipality and the required city licenses to conduct business. 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 consistent investment return to the owner operator prior to debt service.
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