Popular college town Pub Restaurant with entertainment approval and located close to Rutgers University, which is a very highly populated college area. This Pub Restaurant is in an urban city of Middlesex County, New Jersey. This 3,200 square foot facility consists of a large bar area and a separate room for dance and entertainment. The sale includes a very valuable consumption liquor license and a fully equipped night club. The sale is due to a divorce and seller financing is available to a qualified buyer. The business facility also has a commercial kitchen which is not presently in use. The sale includes a fully equipped turnkey lounge, a POS system, tables, computers, liquor license, Ice machine, tap equipment, kitchen, refrigeration units, including all the necessary equipment to maintain the day to day business operation. This particular business has five employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $4,500. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $4,500 and rent security $14,000. The business facility which consists of 3,200 square feet has a capacity for approximately one hundred customers. The facility has appropriate municipal parking nearby to the business location. The business is active six days per week, with hours from 7:00 pm to 2:00 am. The sale includes a certificate of occupancy from the particular municipality and the required food license approval from the city. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expect to supply a consistent and dependable investment return to the owner operator prior to debt service. 2015 gross yearly income is $365,000 and a yearly net income of $95,000 prior to the buyer’s debt service. The asking price is $275,000 and this sale is based on a multiple of the net yearly income along with the value of the liquor license asset and seller financing has been tentatively approved to a qualified buyer. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo may not represent this particular business.

Posted Jun 22, 2016

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