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Irish Pub Restaurant
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $750000
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1950
Number of Employees 10 - 19
Inventory 375000 Equipment & 2500 Inventory
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will supply a full training period to the new operator and remain post closing for sixty days.
Reason for Sale Retiring after many years of success in this particular industry.
Description Irish Pub Restaurant offered with the real estate including entertainment approval and located in wonderful area of Rockland County, New York. This long established pub restaurant business was built in the 1950's and was recently renovated with a beautiful modern d cor, maintains its authentic cozy image including burgundy painted woodwork and old fashioned tables & chairs. The sale includes the real estate which consists of the business and three residential rental units with a $36,000 yearly income. The business has a solid reputation within the nearby communities and is somewhat of a landmark in this area of Rockland County, NY. The business is known for its excellent food, wonderful service and special atmosphere. The facility consists of a professional commercial kitchen, a full Dining room with lots of available seating and a luxurious forty seat wood Bar. The business generates a consistent yearly gross sales of $750,000 consisting of 55% liquor and 45% food sales and provides a stable net income to the operator. The owner is retiring after many successful years in the industry and is prepared to supply secondary financing to a qualified buyer. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. Please contact our office for further details. The Pub consists of 2,450 square feet with two + rental units on the second & third floor. The business has a large attractive forty seat bar with additional private seating, clean modern toilet facilities and duel entrances. The building has a large basement used for storage which is clean and dry. Located in a wonderful area of Rockland County, New York and in a high traffic, commercial area with lots of drive by traffic.
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