Popular Sports Pub
Location New York,United States
Asking Price Range < $250K
Gross Revenues $700000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1955
Number of Employees 4 - 5
Inventory 165000 Equipment & 2500 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will supply a training period and remain post closing for 30 days.
Reason for Sale Owner is semi absentee with a full time job.
Description Popular sports pub restaurant with live music and located in a Southern NY and in active community area of Rockland County. The facility consists of 3,200 square feet with a huge bar area and seating for 140 customers. The business produces a $13,000 weekly average income and a substantial dependable yearly net income to the owner operator. Sixty five percent of the income is liquor sales which represents a substantial mark up-profit for owner operator. This Pub is known for its wonderful atmosphere, good dependable food & drink, numerous flat screens TV's and quality service. The business is fully equipped as a restaurant-lounge, with a full kitchen, Walk in refrigeration, full bar, display counter, POS computer system, phone system, etc. The building has a legal capacity for 135 customers, one main floor with a full basement. The business has a full staff of seven plus experienced employees who are unaware of the pending sale and expect to remain post closing monthly payroll $8,850. The seller will supply a long term lease, expires with a $4,000 gross monthly rent, rental security $4,000, also an option to purchase the property. The business has substantial private parking at the location and is part of the commercial lease agreement. The sale includes a Consumption Liquor license, live entertainment approval and a CO to operate the business at this location. Based on the asking price, required down payment of $80,000 and net income, this business will supply a 40% return to the owner operator prior to debt service. This is a wonderful opportunity with dependable income and the ability for further improvement by on site ownership.
Click Here To Contact Seller
For more opportunities like this go to:
|
NEWSLETTER
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|