Pub For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $300000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply whatever assistance available.
Reason for Sale The owner is retiring after many years of success in this service industry.
Description Asking $75k. Unusual opportunity to own a closed bar & grill priced for a quick sale based on the value of the liquor license. The seller who owners the real estate has retired due to illness and will supply a long term lease at fair rental value. The business is located in Northern New Jersey, Bergen County, a few miles from the Meadowlands Arena and the New York Giant Stadium. This facility has been a successful restaurant lounge for many years, is presently closed and prepared to reopen with new ownership. The sale includes a ten year commercial lease with a monthly rent payment of $5,000. This is an excellent opportunity to own this Pub at a modest cost to the purchaser. Based on the asking price, required down payment and net income this business should supply a substantial return to the owner operator prior to debt service. This modern attractive facility consists of 2,300 square feet in a free standing commercial building on an active avenue of Bergen County, New Jersey. The facility has lots of seating a small bar, clean modern bathrooms and lots of storage and shelving.
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