Successful Pub & Restaurant

Not Disclosed, NY
Putnam County


Asking Price: Annual Revenue:
$250,000 $795,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Successful Pub & Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to qualified buyers.

Quick Facts

Asking Price: $250,000
Annual Revenue: $795,000
Net Profit: Not Disclosed
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: $290,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 25
BBN Listing #: 67213909
Broker Reference #: BAR724

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Business Overview:

Highly successful Irish Pub & Restaurant in an affluent area of Southern New York with a gross yearly income of $795,000 and a consistent net income to the owner operator. This wonderful business opportunity is a little bit of Ireland with a delightful atmosphere. The bar is known as one of the most authentic Irish pubs in the area, serving up true Irish flare. At night, locals and visitors mingle in the lively bar while in their dining room, guests enjoy a meal from the eclectic and highly popular menu. The interior is warm modern and cozy, with beautiful Celtic motifs and fine Irish craftsmanship from ceiling to floor. The business occasionally features free live music in the bar and in season, you can enjoy a pint or an entire meal at their outdoor tables. They have successfully combined an old-school Irish-American Tavern featuring great, hearty food, the finest beers/spirits and televised sports with the hospitality, warmth, and local feeling long synonymous with the Irish Heritage. They also have a beautiful outdoor deck for dining and drinking during the warmer months and they often hosts special events and parties for any occasion. This Pub Restaurant has approximately 25 full / part time employees who are unaware of the pending sale. The payroll is routinely based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense will be approximately $20,000. This restaurant pub business transaction has an assignable commercial lease which expires 05/01/2022, plus additional options available, with a monthly rent of $5,202, all in, cost per square foot is estimated at $20.8 0, and rent security of approximately $10,200. This successful Pub & restaurant business operation is active seven days per week, with hours from 11:30 am to 3:00 am. The business has been valued / priced at $250,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller 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. This business transaction requires an appropriate due diligence by purchaser, prior to closing. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This Irish Pub and restaurant consists of a commercial retail facility which is approximately 3,000, square feet and has an attractive modern appearance. The facility consists of a free-standing building on a high traffic county road near to various other active and successful businesses. This opportunity is in Southern New York, at the boarder of Putnam & Westchester County, which consists of various affluent and highly populated communities with continued demand for this industry.

Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no new competitors are expected near to this successful business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The existing owner is absentee and not directly involved in the day to day business operator. The business can be further expanded with an onsite owner operator, an improved marketing plan and local advertising.

Reason for Selling:

The purpose of the sale is due to the owner absent.

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.

Documents:

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