Irish Pub/Restaurant

Not Disclosed, NJ
Warren County


Asking Price: Annual Revenue:
$175,000 $1,679,713

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Irish Pub/Restaurant Broker: Ron Cervelli
Owner Financing is Available!
May be considered with an appropriate down payment.

Quick Facts

Asking Price: $175,000
Annual Revenue: $1,679,713
Net Profit: Not Disclosed
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: $390,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 31
BBN Listing #: 35103909
Broker Reference #: REST714

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Business Overview:

Outstanding, authentic traditional Irish Pub Restaurant, complete with a wonderful warm, hospitality you’d expect from a successful local business operation. The business has a substantial gross income and a consistent net yearly income to the onsite owner operator. This highly popular pub restaurant also functions as a respected sports bar, has dozens of large screen TV’s to enjoy sports events and they are also the place that routinely features events and live music. The company offers both on and off premise catering parties including events for a birthday, anniversary, work gathering or whatever is required. This highly successful opportunity is located in a wonderful area of Morris County, New Jersey. The business gross sales represent approximately 50% liquor, 50% food with a substantial markup/return to the owner operator. The bar offers a large variety of draft beers from Ireland, Belgium, England and American craft breweries. A popular wine list has something for all palates and an extensive Scotch & Irish Whisky list provides a perfect ending for their customers. The restaurant also has an additional large banquet hall, currently not in use and has the capacity for an additional 150 patrons. The seller will supply a new 10 Year Lease, plus options at a monthly rent of $12,000. This business has thirty-one full and part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $29,400. The business has a yearly gross income of approximately $1,679,713 and a consistent net yearly income of approximately $175,000 based on an owner operator, General Manager is paid $72,000 per year, and owner is semi absentee. The sale has been valued at $175,000 based on a multiple of the net yearly income, the use of the liquor license and specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, credit rating and collateral. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

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Property Features and Assets:

This popular restaurant pub located in Morris County, New Jersey, has existed for many years and has been upgraded during the past few years to a modern exciting retail Irish pub restaurant. The facility which consist of multiple floors, a total of 7,500 square feet has an attractive Irish flair with a modern professional appearance. The business consists of a free-standing structure on an active commercial avenue with many other active and successful businesses. The general area consists of various highly populated communities located in Northern New Jersey with continued demand for this particular food service.

Market Competition and Expansion:

To the best of our knowledge due to the limited liquor licenses, no new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business can be further developed with an onsite owner operator, an improved marketing plan and optimized web site.

Reason for Selling:

The owner is absentee with an alternative business.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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