Irish Pub, Sports Bar And Restaurant For Sale
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $350000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 6 - 9
Inventory 200000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Yes.
Reason for Sale Too many locations.
Description $189.000 DOWN - Sports Bar & Restaurant, New Jersey, MEADOWLANDS
3,100 SQ FT Restaurant, Sports Bar, and Lounge for sale with a liquor licensed outdoor patio for outdoor dining. NEW KITCHEN & EXHAUST HOOD ANSUL Private Parking for 60 cars right on two major Bergen County highways.
Ten 50 in HD TVs, 100 inch HD Projection TV, WiFi, New POS system, State of the art jukebox sounds system.
$3650 a month, 18 year lease, w 3% increase per year. Additional party room available.
Facilities: 3,100 SQ FT Bar, Restaurant, and Lounge with 6,000 SQ FT liquor licensed outdoor patio along the river. Brand new full kitchen and lounge.
Competition: Neighbor Town Stats: Rutherford, NJ (dry town, no bars): Average Annual Household Income: $89,402 Average Home Price $451,766 Lyndhurst, NJ: Estimated median household income in 2008: $67,381 Estimated median house or condo value in 2008: $388,353 ~ NUTLEY ~, NJ: Estimated median household income in 2008: $71,741 North Arlington, NJ: Household Income Median $65,545 Average $67,490 Belleville NJ: The median income for a household in the township was $48,576
Growth/Expansion: Business needs an experienced bar and restaurant professional to increase better than expected first years sales.
PRICE: $289,000
Financing: $100,000
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