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Pub Restaurant Banquet Facility
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $500000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 10 - 19
Inventory 175000 Equipment & 2000 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training The seller will supply a long term training period and remain post closing for sixty days.
Reason for Sale Retiring after many successful years in this particular industry.
Description Family Style Restaurant Lounge and Banquet business located in a wonderful area of Middlesex County, New Jersey. This very successful and well known forth year old business consists of 6,500 square feet located on two
beautiful acres of property. The business has an old world attractive setting with additional outdoor seating. The restaurant facility includes a huge wooden bar, a seating capacity for forty customers and two separate additional
rooms with a seating capacity for 270 patrons with various functions including in house catering. The business has entertainment approval and over the past years has hosted well known musical groups with substantial success. The
business has had a history of producing a substantial income with various venue s which can be further developed with new and on site management. One hundred plus private parking area is part of the lease agreement. Days/ Hours Of operation, Monday thru Sunday 11:00 am to 2:00 am. A valuable consumption liquor license and entertainment approval is included in this transaction. Lease Terms: The seller has elected to sell / lease the business and supply an option to purchase of the property and liquor license. The
seller will provide a new long term lease with a monthly rent of $6,000 triple net. Many of the employees have been at the business for many years, require a job and expected to remain post closing. The business has a high capacity commercial kitchen, refrigeration & freezers, liquor license and various equipment required to function in this service industry. The business is sold with a long lease and an option to purchase the real estate.
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