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Businesses For Sale   >>   Bars and Pubs Businesses For Sale

Irish Pub Restaurant For Sale

Location  New York,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $775000
Net Profit / Cash Flow  $150000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1950
Number of Employees  6 - 9
Inventory  325000 Equipment & 3000 Inventory
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  The seller will supply a full training period remain post closing.
Reason for Sale  The owner has elected to retire after fifty years of success in this industry.

Description  
Irish Pub Restaurant which includes live entertainment approval and located in wonderful area of Rockland County, New York. This long established pub restaurant business was built in the 1950's and was recently renovated with a beautiful modern dcor, maintains its authentic cozy image including burgundy painted woodwork and old fashioned tables & chairs. The sale includes three residential rental units with a $36,000 yearly income. The business has a solid reputation within the nearby communities and is somewhat of a landmark in this area of Rockland County, NY. The business is known for its excellent food, wonderful service and special atmosphere. The facility consists of a professional commercial kitchen, a full Dining room with lots of available seating and a luxurious forty seat wood Bar. The business generates a consistent yearly gross sales of $775,000 consisting of 50% liquor and 50% food sales and provides a stable net income to the operator. The owner is retiring after many successful years in the industry and is prepared to supply secondary financing to a qualified buyer. The restaurant square footage is 2,450 on one main floor with an indoor seating capacity for 97 customers. Private parking for 50 + vehicles is available and included in the sale. The business is operational seven days weekly, Monday thru Sunday with hours from 12:00 pm to 4:00 am. A consumption liquor license & cabaret license is included in the sale. The business has a full staff of seven plus experienced employees who are unaware of the pending sale and expect to remain post closing. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. Please contact our office for further details.


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