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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Bars and Nightclubs Businesses For Sale Categories   >>   

Adult Club Business For Sale, Bar Business For Sale, Bar Restaurant Business For Sale, Brew Pub Business For Sale, Gentleman Club Business For Sale, Irish Pub Business For Sale, Night Club Business For Sale, Pub Business For Sale, Sports Bar Business For Sale, Strip Club Business For Sale, Tavern Business For Sale

Pub & Property

Location  New Jersey,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $385000
Net Profit / Cash Flow  $70000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  4 - 5
Inventory  $270,000 equipment & $2,500 inventory.
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  The seller will remain after closing and supply an appropriate transitional period.
Reason for Sale  The owner is relocating out of state after many years of success.
Description  Solid opportunity to purchase this fully upgraded and must to see, Pub lounge located in a highly urban area of Essex County, NJ on an active commercial avenue with many other successful businesses. This Pub has been fully remolded from ceiling to floor including the kitchen, basement, prep area, refrigeration and all the required accessories. The owner is semi absentee with an alternative business, is now relocation out of state and priced the package very aggressively. The business produces $385,000 yearly gross sales and can be further improved with a marketing plan and on site ownership. The sale includes a valuable consumption liquor license, commercial kitchen with all amenities, refrigeration, freezers, prep kitchen, fully equipped office, including various equipment required for this particular industry. The facility has a rental unit with a yearly rent payment to the owner of $12,600. The seller will assist with the financing to a qualified buyer. This is a solid opportunity and should be viewed to fully appreciate. Based on the asking price, required down payment and net income this business should supply a 15% return to the owner operator prior to debt service. This modern attractive facility consists of 1,650 square feet in a free standing commercial building on an active avenue. The business has a private entrance, with a large modern bar and lots of private seating. The facility has a full basement with a prep kitchen and a substantial storage and shelving. The business is located in Northern Essex County minutes from Route 21 and the Garden State Parkway. This broad urban area consists of highly populated communities and businesses with a continued need for these food services.
Click Here To Contact Seller

    

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