Business For Sale

Popular Pub Restaurant

Not Disclosed, NJ
Somerset County


Asking Price: Annual Revenue:
$295,000 $500,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Popular Pub Restaurant Broker: Ron Cervelli
Owner Financing is Available!
Can be available to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $295,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $114,000
Total Debt: Not Disclosed
FF&E: $275,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 6
BBN Listing #: 49773909
Broker Reference #: BAR720

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Business Overview:

Long standing bar restaurant in a wonderful area of Middlesex county, New Jersey. This business has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $8,800. The business has an assignable commercial lease which expires 2022-01-01 plus additional options, with a monthly rent of $3,100, plus real estate taxes, and rent security $5,000. The business assets have an estimated value of $275,000, based on replacement cost of licensing and equipment. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The 2017 yearly gross income is $500,000 plus discretionary income and the business has a yearly net income of $114,000 based on an owner operator and prior to debt service. The 2018 January-August net income is $92,426. The sale has been priced based on a multiple of the net yearly income and asset value which includes a valuable liquor license. 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 does Not represent this particular business opportunity.

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Property Features and Assets:

The facility consists of 1,665 square feet with an attractive image and in a free-standing building on a county road. This opportunity is in Northern New Jersey, Middlesex County, which consists of various highly populated communities with continued demand for this industry.

Market Competition and Expansion:

To the best of our knowledge due to various circumstances, no other 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 presently has a limited marketing plan, no web site and if improved can further develop the business bottom line net income.

Reason for Selling:

The owner is retiring from this food service industry.

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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