Popular Pub Restaurant with an option to purchase the property which is located in Northern New Jersey, Middlesex County. This facility is twenty four hundred square feet with a full bar, commercial kitchen and seating for seventy five customers. The owner is retiring and will supply training and some financing to a qualified buyer. The sale includes a fully equipped Pub Restaurant including a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, including all the necessary equipment to maintain the day to day business operation. This particular business has five part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,200. The sale will include an assignable commercial lease which expires 2024-01-01 plus additional options, with a monthly rent of $3,000 and rent security $3,000 plus an option to purchase the property. The business facility which consists of 2,400 square feet and has a capacity for approximately seventy five customers. The facility has appropriate private parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a consumption liquor license, a certificate of occupancy from the particular municipality and the required food license approval from the city. 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 29% investment return to the owner operator. 2014 gross yearly income is $400,000 and a yearly net income of $85,000. Asking price is $250,000 with an option to purchase the property. 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 Apr 10, 2015

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