Sports Pub
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $598000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1933
Number of Employees 4 - 5
Inventory $150,000 equipment only.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training The seller will supply a full review and transitional training period.
Reason for Sale Retirement.
Description A local Sports Bar for sale in a prime, commercial area of Bergen County, NJ. This business enjoys a high gross annual income of $600,000 with substantial yearly net income. The sale includes all existing equipment and a liquor license with an approximated value of $200,000. The business has a full kitchen, however 85% of the income is liquor, 10% is food and 5% from various vending equipment such as pool tables, darts, etc. This business frequently hosts various sports league events and other sports activities. The facility is attractive with a modern d cor and private parking is included in the lease agreement. The seller will supply the new owners a long term lease with moderate rent payments or an option on the purchase of the real estate property. The business is priced at fair value and financing has been pre-approved for a qualified purchaser.
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