Price: $594,998
Location: Rockland County, New York
Industry: Bar
Listing ID: Bar866
Active saloon and casual restaurant with live entertainment approval in a wonderful area of Pearl River, Rockland County New York. This business’ gross sales are approximately $1,200,000 representing 75% liquor and 25% food sales. This Tavern is offering a rotating selection of the finest American craft beers available on draught and in cans. This popular Tavern is offering a rotating selection of the finest American craft beers available on draught and in cans. Be sure to check out our Beer Menus page for daily updates! The business has existed for many years and the owner is now retiring after much success. Training and owner financing is available and priced for a quick sale. 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. The business fixed assets have an estimated value of approximately $145,000 which is based on the replacement cost of the original buildout, tangible & nontangible value. The accurate value of the assets will be identified during the allocation period. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, liquor license, refrigeration & freezer units, web site, various licenses, social media components, POS Avanna system, displays, shelving, tables, computers, cash registers, modern lavatories, 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.
Listing Details
Revenue: $1,200,000
Cash Flow: $175,000
FFE: $145,000 (Included in Price)
Inventory: $4,000
Form of Ownership:
LLC
Reason For Sale:
The purpose of this business transaction is due to the owner retirement from this industry after many years of success.
Training & Support:
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
Operation
Year Established: 1988
Days & Hours of Operation: Days Hours of operation, this bar restaurant business is active six days per week, with hours from 2:00 pm to 3:00 am.
Owner Hours Per Week: Absentee
Employees: Regarding employees and payroll, this saloon consists of the owner and twelve employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale & fully expected to remain post-closing.
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: 5.950
Type of Location: Commercial
Square Footage: 2,000
Relocatable?: Yes
Facilities Information:
The business is located on a commercial avenue with various other active retail businesses. This opportunity is in southern New York, Rockland County, which consists of various highly populated communities with continued demand for this type of food service. This is a long-standing business; the facility consists of approximately 2,000 square feet and has an old-style attractive appearance.
