Successful & well known Pub Restaurant, a stylish yet casual neighborhood staple, specializing in the finest beers and delicious New American cuisine. They are located in an active area of Bergen County, New Jersey and minutes from the NJ Giant Stadium and Meadowlands malls. The business has a consistent gross income of $550,000 and a dependable net yearly income of $103,000 to the owner operator. Their warm, contemporary interior allow for a comfortable and cozy experience, they are open for brunch, lunch and dinner, with an extensive new drink menu featuring delicious cocktails, wine, and local craft beers. The restaurant has a wonderful reputation for its popular food menu throughout the area. This very popular Pub Restaurant was established in 1970 with a casual, contemporary atmosphere and features a solid menu and wonderful service. 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 consistent investment return to the owner operator prior to debt service. This business offering will include an option to purchase the real estate, which has two residential units with a yearly rent income of $34,800. This industry requires State government approval to purchase due to the liquor license. This modern retail facility which consist of 3,000 square feet has a warm attractive appearance. The business is located on a commercial avenue with various other active and successful businesses close to various state highways. This opportunity is located in Northern New Jersey, Bergen County, minutes from the New York Lincoln Tunnel and the New Jersey Giant Stadium. The area consists of various highly populated affluent communities with continued demand for this food service. This particular business has six employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $12,800. This business transaction will include a new commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $4,500 and rent security $9,000. Additional option to purchase the property will be supplied.

Posted Sep 13, 2016

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