Excellent opportunity for this Irish Sports Pub Restaurant located in an highly active commercial area of Rockland County, Nyack New York, minutes from the New York Throughway. This business has been long established as a highly successful business with a gross income of $750,000 and a consistent net yearly income of $120,000. The owner has elected to retire after twenty-three years and will train and finance the transaction to a qualified buyer. The business continues to be fully equipped with a commercial kitchen and all the amenities to maintain a high volume retail bar restaurant. The business sales represent 50% liquor with a substantial markup profit to the owner operator. The facility consists of 1,950 square feet with a huge bar, lots of private seating and an outdoor patio for approximately 35 customers. This is a solid business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a 35% investment return to the owner operator. This industry requires government agency approval to transfer the liquor license. The facility which has been redecorated during the past few years consist of 1,950 square feet with an attractive modern appearance including an outdoor patio for approximately thirty-five customers. The interior has a huge attractive bar with a seating capacity for thirty-five customers. The business is located in southern New York State, Rockland County, which consists of a large affluent population. The general area has a substantial number of businesses with an active number of daily workers and shoppers. This particular business has eight employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $11,500. The business has an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $5,833 and rent security $5,833. The business facility which consists of 1,950 square feet plus an outdoor patio has a capacity for approximately 110 customers. The sale includes a fully equipped Pub Restaurant including a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, including all the necessary equipment to maintain the day to day business operation. The facility has appropriate private parking on site as part of the commercial lease. The city permits the business to be active until 4:00 am however the business is open seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a state issued liquor license, certificate of occupancy from the particular municipality and the required license approval from the city and state. The owner will remain post-closing for 30 days and supply a transitional period. The owner is retiring after many successful years in the food service industry. The business presently has a limited marketing plan, no web site, no onsite ownership and if improved can further developed the business bottom line corporate income. To the best of our knowledge no other new competitors are expected near to this business and the owner has agreed to supply a long term non compete agreement to the purchaser. The 2015 gross yearly income is $750,000 and a yearly net income of $120,000.
Asking Price $275,000
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