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Edward Laub

Legacy Advisors, LLC/ Keller Williams Commercial

License Number: 0792023

Phone: Show Phone Number

legacyadvisors.info


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Wyckoff, New Jersey

About the Company

Legacy Advisors, LLC - Business Brokerage

I am a licensed realtor with Keller Williams Commercial serving New Jersey.

My main focus is in the field of Restaurant Sales however I am well versed in warehousing, industrial and logistics.

Broker Biography

Introduction

I am a commercial real estate professional specializing in Restaurant Realty, Hospitality Business Brokerage, and Liquor License Transactions throughout Northern New Jersey and the New York metro area. My practice is focused almost exclusively on the food-and-beverage sector—restaurants, bars, cafés, mixed-use hospitality assets, and unique waterfront operations—which allows me to bring a depth of knowledge, relationships, and deal strategy that generalists cannot match.

My background is a blend of commercial brokerage, business valuation, restaurant financial analysis, liquor license expertise, and decades of hands-on experience in the hospitality world as a working professional musician. That combination gives me rare insight into the operational realities, challenges, and opportunities restaurant owners face—making me an advisor who speaks the language of the industry.

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What I Specialize In

Restaurant Business Sales & Acquisitions

I broker full-service, fast-casual, turn-key, and second-generation restaurant sales—both on-market and confidential off-market opportunities. I assist owners with valuation, financial packaging, exit planning, and identifying qualified buyers.

Liquor License Sales (NJ & NY)

I handle the sale, valuation, and transfer coordination of:
• Plenary retail consumption licenses (NJ)
• Seasonal and waterfront licenses
• New York on-premise licenses tied to real estate
• High-value “center of town” licenses in competitive markets

Restaurant + Real Estate Transactions

Specialized expertise with:
• Restaurant buildings
• Mixed-use assets
• Marinas with hospitality components
• Retail condos
• Buildings with assignable leases
• Assets combining real property + business + liquor license

Distressed & Underperforming Restaurants

I regularly work with owners facing operational challenges, declining sales, or lender pressure. I create confidential strategies that may include:
• Restructuring the listing
• Quiet marketing to qualified buyers
• Negotiating with lenders, including SBA-backed situations
• Creative seller-financing solutions
• Positioning the business for a value-preserving exit

Buyer Representation for Restaurant Groups

I actively source expansion sites for regional restaurant groups seeking second-gen spaces with significant BOH infrastructure, heavy HVAC, strong utility service, and favorable occupancy ratios. My site searches focus on the highest-performing markets in Northern NJ, Westchester, and surrounding regions.

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How I Work

Restaurant deals are different from typical small-business or retail transactions. They involve:
• Detailed financial analysis (SDE multiples, COGS benchmarks, labor models)
• Equipment and infrastructure evaluations
• Landlord negotiations and assignable lease reviews
• Licensing, zoning, and municipal approvals
• Sensitivity to confidentiality for staff, customers, and landlords
• Understanding seasonality, operational rhythms, and realistic upside

My practice is built on a high-touch, data-driven, and always confidential approach. I combine valuation tools, local market knowledge, financial modeling, and a strategic marketing process to maximize results while minimizing disruption for the owner.

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Track Record & Experience

I have worked on a wide range of restaurant transactions, including:
• Downtown main-street restaurant + real estate packages
• Liquor license sales throughout Bergen, Essex, Morris, Passaic, and Somerset Counties
• Waterfront restaurant and marina opportunities
• High-value mixed-use hospitality properties
• Turnaround and distressed restaurant exits
• Buyer-group site searches (NJ & NY)
• Creative seller-financing structures designed to solve lender limitations and expand the buyer pool

My recent deals range from $300,000 business-only transfers to multi-million-dollar hard-asset + business + liquor license combinations.

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Professional Value to Clients

Clients work with me because I bring:
• A clear understanding of restaurant financials and valuation drivers
• Full confidentiality during sensitive sale processes
• Ability to uncover off-market or underperforming restaurant opportunities
• Strong relationships with owners, investors, and hospitality groups
• Experience navigating complex liquor license and zoning situations
• Strong negotiation, communication, and deal-structuring skills
• Highly polished marketing materials and buyer presentations
• Persistence and creativity in challenging market conditions

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Markets Served
• Northern New Jersey: Bergen, Essex, Morris, Passaic, Union, Hudson, Somerset
• NY Metro/Border Towns: Rockland, Westchester, Orange County
• Specialty Markets: Greenwood Lake, lakefront assets, marinas, downtown restaurant districts

Services Provided

Real Estate - through Keller Williams Commercial Realty - Ridgewood, NJ

Business Brokerage - through Legacy Advisors, LLC - Wyckoff, NJ

Areas Served

  • Bergen County, NJ
  • Essex County, NJ
  • Morris County, NJ
  • Passaic County, NJ
  • Union County, NJ
  • Licensed In

    • New Jersey — License number 0792023

    Professional Affiliations

    IBBA
    Keller Williams Commercial

    Business For Sale Listings

    $2,399,999
    Cash Flow: $312,982 
    Bergen Co., NJ 
    Northern Bergen County Restaurant- Bar with Property Chic Restaurant with Real Estate and Liquor License Financing available Includes Real Estate

    Turnkey Restaurant & Bar Opportunity — Affluent Bergen County, NJ CommunityThis Bergen County Gem is a beautifully appointed restaurant and bar concept located in the heart of one of Bergen County's most affluent, sought-after communities and consistently trafficked commercial corridors.This is a rare opportunity to acquire a fully built-out, turnkey operation in a market with limited restaurant inventory (only 3 liquor licenses in the entire town) and strong barriers to entry for new competition.The space offers approx. 50 seats across a thoughtfully designed dining room and bar area, featuring a full-service bar. Outside, a beautifully landscaped patio accommodates approximately 40 additional guests — ideal for extending the season and driving incremental revenue. A standalone structure outside the main kitchen adds valuable functional space, including a 

    $2,700,000
    Cash Flow: $178,000 
    Orange Co., NY 
    “Lakefront Redevelopment or Boutique Hospitality Opportunity “Boutique Waterfront Wedding & Hospitality Venue with Marine Access Financing available Includes Real Estate

    This one of kind restaurant/marina is a picturesque waterfront venue that combines rustic charm with modern elegance. Situated on 1.73 acres along one of the largest inland lakes bordering NJ/NY, the property offers expansive views of the lake and surrounding mountains, providing a serene backdrop for dining and events. The perfect Wedding, Special Event, Corporate Meeting location.This venue offers a vibrant and diverse live music scene that enhances its picturesque lakeside setting. Throughout the warmer months, the venue hosts a variety of musical acts, ranging from acoustic duos to full bands, providing entertainment that complements its upscale yet relaxed atmosphere. The outdoor terrace and bar area provide an ideal setting for enjoying live music, allowing guests to savor creative cocktails and American-Mediterranean cuisine while taking in the scenic 

    $1,969,000
    Hudson Co., NJ 
    Premier Restaurant, Bar & Event Venue | $2.8M- Sales | Liquor License Premier Multi-Level Restaurant & Bar in the Hudson River Corridor

    A rare opportunity has become available to acquire one of Northern New Jersey's premier hospitality businesses.This long-established operation generates annual sales in excess of $2.8 million and offers multiple revenue streams including dining, beverage sales, private events, and entertainment. The business is fully operational, professionally managed, and includes a valuable New Jersey Class C Plenary Liquor License.Investment Highlights• Annual Revenue exceeding $2.8 Million• Strong Sellers Discretionary Earnings• Established and operating for more than 25 years• Significant seating capacity• Multiple dining and entertainment venues• Extensive furniture, fixtures & equipment included• Valuable Class C Plenary Liquor License• Turnkey operation with an outstanding reputation• Exceptional opportunity for an experienced hospitality operator or regional restaurant groupAsking Price: $1,969,000Due to the confidential nature of 

    $699,000
    Hudson Co., NJ 
    Hudson County Restaurant with Liquor License Embedded in Lease A Showpiece Buildout. A True Turnkey Opportunity.

    Step into a turnkey restaurant operation positioned to deliver immediate returns in Northern New Jersey's most affluent Hudson River corridor. This fully operational 4,978 SF establishment eliminates the typical 12-18 month startup phase, allowing you to generate revenue from day one while building on an established $2.2 million annual revenue foundation.Your investment secures a premium location with 13 years of lease security plus a 5-year extension option, protecting your long-term growth strategy. The embedded $800,000 liquor license removes a major acquisition barrier while providing immediate competitive advantage in this high-barrier market.The sophisticated dining environment 

    $1,200,000
    Cash Flow: $148,000 
    Essex Co., NJ 
    View Details 
    Pizzeta Restaurant - Livingston LiquorLicense for Saler

    Executive SummaryThis is one of the most compelling restaurant acquisition opportunities currently available in Northern New Jersey.The asking price has been reduced to $999,000 for the business, all furniture, fixtures and equipment, and the included #33 Liquor License. Industry professionals estimate the standalone value of the liquor license alone to be approximately $975,000, meaning a buyer is effectively acquiring an established, fully equipped restaurant business with approximately $900K in annual sales for little more than the value of the license itself.For operators seeking to enter the highly desirable Livingston market, opportunities like this are exceptionally rare. Not only does this offering include one of the town’s limited Broad C liquor licenses, it also includes a beautifully built-out turnkey restaurant that would cost hundreds of thousands of dollars—and likely well over $1 million—to recreate 

    $2,900,000
    Westwood, NJ 
    View Details 
    2nd Generation Restaurant Property Liquor Lic + Tenant Income

    Turnkey Restaurant Real Estate Opportunity – Short SaleThis is a rare opportunity to acquire a fully built-out, second-generation restaurant property through a short sale process and create your own concept in one of Bergen County’s most desirable downtown locations.The property consists of approximately 8,400 square feet, including a stunning 6,500-square-foot restaurant featuring seating for 218 guests, a full-service bar, multiple dining areas, an indoor fireplace, outdoor seating, and a recently completed, state-of-the-art commercial kitchen with significant capital improvements throughout. The restaurant is currently closed, providing a clean slate for an owner-operator, hospitality group, or investor to launch a new concept without the time, cost, and uncertainty of a ground-up buildout.Unlike most restaurant opportunities, this offering includes 

    Featured Sold Listings Listings sold on BizQuest: 3
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