Popular Pub Restaurant

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$199,000 $438,000

Food & Beverage: Bars, Clubs, Nightspots


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

Quick Facts

Asking Price: $199,000
Annual Revenue: $438,000
Net Profit: Not Disclosed
Cash Flow: $79,700
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 3
BBN Listing #: 84953909
Broker Reference #: BAR764

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Business Overview:

Popular bar and grill located in Northern New Jersey Passaic County on one acre and lots of private parking. The business has a yearly gross income of $438,000 and a net yearly income of $79,000. This offering will supply a new lease agreement, and a percentage of owner financing. The bar has a card league on Wednesday and Sunday and a pool league on Mondays. The pub is known for its good food, cold beer and great atmosphere. This bar restaurant has three full / part time employees who are unaware of the pending sale. The payroll is based on job descriptions, with salaries and an hourly basis. The staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $6,600. This business opportunity will offer a new ten-year assignable commercial lease which will expire 2028, plus additional options, with a monthly rent of $4,000, and rent security of approximately $8,000. The business has been valued / priced at $199,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets and use of the consumption liquor license. 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. 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 business opportunity.

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Property Features and Assets:

The facility which consist of approximately 1,850 square feet has a quaint and attractive appearance. The business is in a free-standing building in Northern New Jersey, Passaic County, on an active county road.

Market Competition and Expansion:

Due to the limited liquor license availability, to the best of our knowledge, 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. The business presently has a limited marketing plan, no web site and if improved can further develop the business yearly gross sales.

Reason for Selling:

Sale is due to owners retirement from the 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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