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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pub Restaurant
(Food & Beverage , Bars, Taverns, and Night Clubs)
Bergen County, New Jersey
Listed Price: $ 750,000
Listing ID: BAR684

Listing DetailsGross Revenue: $ 300,000
Cash Flow: $ 63,000
FFE: $ 175,000 (Included in Price)
Inventory: $ 1,000
Reason for Sale:

The sale is due to the owner partners separation and absenteeism.


Training & Support:

The owners are absentee, not in the industry and cannot supply training.


OperationsYear Established: 1985
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Stand Alone
Facilities:

 

This retail facility which consist of approximately 5,453 square feet is located on a county road, corner property in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry.

 


SummaryBusiness Description:

Pub Restaurant and property for this excellent business opportunity with four rental incomes and an excellent return on investment. The sale consists of a commercial property with a pub restaurant, hair salon and two residential rentals and a gross yearly rental income of $63,000. This long-standing bar & restaurant in a wonderful area of Northern New Jersey, Bergen County. The business had a consistent and profitable gross income to the past owner operator. The property taxes are $17,000, square footage 5,453, commercially zoned, and a few blocks from route 80. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Based on a 25-year payout at 6% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. For Qualifications purposes, this industry requires government licensing approval to purchase or operate the bar restaurant due to the liquor license. This retail facility which consist of approximately 5,453 square feet is located on a county road, corner property in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this industry. The owners who continue to be absentee have elected to sell the property and Pub which includes various rental units. The business is in a free stranding commercial facility, on an active county road, consists of approximately 5,443 square feet and four rental units. The business fixed assets has an estimated value of approximately $175,000 which is based on a multiple of the net yearly income plus the value of the equipment and licensing replacement cost. The sale consists of a fully equipped Pub Restaurant which includes a consumption liquor license, commercial kitchen, refrigeration & freezer units, displays, shelving, tables, web site, computers, fire suppression system 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 private and municipal parking on or near by to the site. This pub restaurant business operation is active seven days per week, with hours from
4:00 pm to 2:00 am. The sale includes all required documentation including a certificate of occupancy from the local municipality, consumption liquor license and the required state or city licenses to conduct its day to day business. The owners are absentee, not in the industry and cannot supply training. The sale is due to the owner partners separation and absenteeism. The pub business is presently closed and requires a marketing plan, local advertising, and if improved can further develop the business yearly gross sales. Regarding competition, this should not be an issue due to various circumstances including limited liquor licenses. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The previous yearly gross income was estimated at $300,000 yearly and the existing gross rental income is approximately at $63,000. The business opportunity has been valued / priced at $750,000 based on a multiple of the net yearly income, which includes the property, closed business, value of the specific business assets. Also, bank and possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

 

Regarding competition, this should not be an issue due to various circumstances including limited liquor licenses. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

 


Potential Growth:

The pub business is presently closed and requires a marketing plan, local advertising, and if improved can further develop the business yearly gross sales.


Financing/Terms:

Can be available to a qualified buyer with an appropriate down payment.