Pub & Package Goods & Property
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $150000
Net Profit / Cash Flow $60000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1950
Number of Employees 1 - 3
Inventory 375000 Equipment & 1500 Inventory
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale The owner is retiring after many years of success in this food liquor industry.
Description Pub Sports bar with package goods approval and available with the property and price for a quick sale. This long standing successful business has existed at this location for fifty years. The business is located on an active county road minutes from US Route 80 and conveniently close to numerous populated communities. The sale includes all of the assets including the Liquor license with a $75,000 actual value, the business and the real estate. The business has a commercial kitchen, a second floor unit and a full basement. The business offers various activities including pool, shuffleboard table, games and weekly Karaoke night. They have various 42'' flat screen HD TVs for your favorite Sporting Events viewing. The seller will finance the sale with an appropriate down payment to a qualified buyer. The business is priced to sell at a very competitive price. Based on the asking price, required down payment and net income this business should supply an 18% return to the owner operator prior to debt service. The facility consists of 1,600 square feet in a free standing commercial building with a second floor unit. The property is on .23 acres and located on an active main street. This Pub is in Sussex County, Northern New Jersey surrounded by various populated communities who service this industry.
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