Pub Restaurant With Real Estate Option
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $700000
Net Profit / Cash Flow $140000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 6 - 9
Inventory $375,000 equipment only.
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training The seller will supply a full transitional period, post closing to the new operator.
Reason for Sale Owners are retiring after many successful years.
Description Highly successful Pub restaurant business with the real estate option located in Passaic County, NJ. The facility consists of a for thousand square foot facility as a profitable modern Pub Restaurant. This one acre commercial building has an attractive modern appearance. The business yearly income consists of $700,000 and is expected to increase based on its expansion. The sale also included a full finished basement which includes a huge basement with a party room for private affairs with capacity for 80 customers, full bar and a huge storage area. The business also has an outdoor patio, multiple entrances and a large private parking area. The second floor real estate has eight commercial rental offices. The seller is retiring and will supply a transitional period post closing to the new owner and finance the sale to a qualified buyer.
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