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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Pub/Restaurant with Property Option
(Food & Beverage , Bars, Taverns, and Night Clubs)
Montgomery County , PA
Listed Price: $ 250,000
Listing ID: BAR703

Listing DetailsGross Revenue: $ 1,186,000
Cash Flow: $ 174,323
FFE: $ 350,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner’s retirement out of retail food industry.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2011
Days & Hours of Operation: Mon.-Sun. 11am-2am
Non-owner Payroll: $ 12,500
Employees: 10
Absentee Owner: No
LocationLease Expire: 0000-00-00
Square Footage: 2500
Facilities:

This retail business opportunity is in Eastern Pennsylvania, Montgomery County, which consists of various highly populated, and affluent communities with continued demand for this food service and industry. The facility which consist of approximately 2,500 square feet has an authentic attractive appearance. The business also consists of a free-standing structure near to various other active and successful businesses.


SummaryBusiness Description:

Recently available for this popular Pub Restaurant, with an option to purchase the real estate in a wonderful affluent area of Montgomery County Pennsylvania. The business is offered due to the owner’s retirement out of this retail industry. The restaurant business has an average yearly gross income of $1,186,000 and a dependable net yearly income of $174,323 based on an onsite owner operator. The package sale could include two additional residential rental units and a single-family house representing a gross yearly rental income of $93,000 (monthly $950+$950+$1,350+4,500). The business is known for its wonderful service, tasty food and craft beers. The Pub was originally known as an English-Scottish Soccer Pub and offers an array of different menu items in their unique setting. The restaurant is well known for its popular Saturday and they offer Sunday brunch while watching the soccer games from all over the world, or one can just stop by and enjoy a beer. Their clients are sure to enjoy a top rate cuisine from their regular menu for lunch or dinner from Fish and Chips to Shepherd's Pie. They are also very proud of their unique rotating monthly menu with authentic -international cuisines from, their trained chef. The customers also appreciate their outdoor patio experience, well stocked beer list, family atmosphere, and some of the area's best cuisine. This industry requires state government licensing approval to purchase or operate due to the Pennsylvania issued consumption liquor license. This company has ten full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $12,500. This offer can include the real estate, or the sale can be converted to a business transaction with a long-term lease, rent of $54,000, and an option to purchase the property. The business fixed assets has an estimated value of approximately $350,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, web site, computers, web site, 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. This successful Pub Restaurant business operation is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state & city licenses to conduct its day to day business. This business transaction has been valued / priced at $250,000 for the business only (liquor license to remain at the facility), or the package at $1,450,000 (business, liquor license and real estate) The real estate value is based on a recent appraisal. Also, seller / bank financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. 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 5% interest, approximately 20% down payment purchaser would obtain a consistent net yearly income return on investment after debt service. 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:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has an appropriate marketing plan, and web site, however additional growth is possible with an onsite owner operator.


Financing/Terms:

Is available to a qualified buyer with an appropriate down payment.