Tavern Restaurant

Contact Seller
Asking Price:
 Not Disclosed

Gross Revenue:
$400,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$325,000
included in asking price

Share this business:

Business Description

Excellent business opportunity, a profitable tavern and restaurant located in a wonderful area of Bergen County, New Jersey. The sale also has an option to purchase the property which consist of four rental incomes and an excellent return on investment. The sale consists of a commercial property with a pub restaurant, hair salon and two residential rentals and a gross yearly rental income of $63,000. The bar is active weekends only, however, it had a substantial & consistent gross income to the owner operator. The property taxes are $17,000, square footage 5,453, commercially zoned, six blocks from route 80. The sale includes a ten-year lease agreement with a monthly rent of $2,500, cost per square foot is $22.45 and rent security of $5,000. The owners will supply an option to purchase the property through his realty firm which includes various rental units. This pub restaurant business operation is active three to four days per week, with hours from 4:00 pm to 12:00 am. The business opportunity has been valued / priced based on a multiple of the net yearly income, business, value of the specific business assets. Also, possible seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The owner is also prepared to sell the business and property as a package sale. 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 particular business opportunity.

About the Business

Location:
Bergen County, New Jersey
Real Estate:
Leased
Building Sq. Ft.:
5,431
Rent:
$2,500.00 Per Month
Facilities:
This retail facility which consist of approximately 5,431 square feet, located on a county road, corner property in Northern New Jersey, Bergen County, which consists of various highly populated communities with continued demand for this industry.
Market Outlook/
Competition:
This should not be an issue due to various circumstances including limited liquor licenses. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth & Expansion:
The pub business requires a marketing plan, local advertising, and if improved can further develop the business yearly gross sales.
Contact the Seller

About the Sale

Reason For Selling:
The sale is due to the partnership separation and absenteeism.
Training/Support:
The owners are absentee, not in the industry and cannot supply training.
Seller Financing:
Seller financing is available to qualified buyers.

Listing Info

ID:
1633921
Ad Detail Views:
0

Contact the Seller
$
Please confirm you're not a robot
Contact the Seller
Business Listed by

Ron Cervelli

Regal Consulting Corp.

 Show Phone Number

View My 165 Active Listings

Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.