Ultra-modern Successful Pub Restaurant located in Hudson County, New Jersey which features 3 rooms, two bars, and weekly specials & events. The business has a gross yearly income of $750,000 and a yearly net income of $100,000 based with an onsite owner. This ultra-modern attractive facility consists of 2,500 square feet and offers private parking. Their customers enjoy an exciting new menu featuring classics selections and a full bar. Their craft beer bar features numerous local choices on tap as well as craft whisky. The business assets have an estimated value of $225,000 which is based on the past year corporate tax returns. The sale consists of a fully equipped Pub Restaurant which includes a valuable consumption liquor license, a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This 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 2025-01-01 plus additional options, with a monthly rent of $3,600 and rent security $6,000. The business is located in a modern mall which consists of 2,500 square feet and has a capacity for approximately one hundred customers. The facility has appropriate private mall parking on site as part of the commercial lease. The company is active six days per week, closed Sunday with hours from 11:30 am to 12:30 am. The sale includes a consumption liquor license, certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a dependable investment return to the owner operator prior to debt service. The 2015 yearly gross income is $750,000 and the business has a yearly net income of $100,000 based on an onsite owner operator and prior to debt service. The business has been valued at $375,000, based on a multiple of the average net yearly income which includes the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Asking Price $375,000
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