Neighborhood Pub & Sports Bar With Property
Location New Jersey,United States
Asking Price Range $500K - $1.0M
Gross Revenues $293000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1960
Number of Employees 4 - 5
Inventory $250000 equipment & $2500 inventory.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Seller will provide a complete due diligence review and training period. Sale is subject to the successful transfer and approval of the liquor license.
Reason for Sale Retirement / other personal interests.
Description The package (Business and Real estate) of a local town Pub & Sports Bar for sale, located in a prime area of Middlesex County, New Jersey. The business has existed for 50 years with an excellent reputation for good food, drink and service. The facility has a newer commercial kitchen, a monitored surveillance system with burglar & fire alarms and a large basement with lots of storage space. The sale includes the business and real estate property with a rental apartment above which provides a rental income of $14,100 yearly. The site includes a private parking lot for approximately 35 vehicles. The seller is motivated because of other personal interests and has priced the package at fair market value with financing and full training available for a qualified purchaser.
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