Solid business opportunity for this highly successful recently remolded Saloon Restaurant with yearly gross sales of $1,419,628 and a provable net yearly income of $315,000. This business opportunity consists of the business and real estate or the owner will supply a long term lease with an option to purchase the property. This Saloon & Restaurant has existed for forty years however it has been fully upgraded with a modern and attractive image during the past thirty-six months. The business has been synonymous with excellent food served in a comfortable setting. Their customers enjoy a wonderful menu of updated interpretations of American culinary classics made with the finest and freshest ingredients – domestic and imported. All of their foods are prepared and meticulously presented against the backdrop of a casual comfortable restaurant. At this restaurant every lunch and dinner is a special occasion, because they are a family-run restaurant and offer the special attention a family guest deserves – an impeccable atmosphere, superior service and a most memorable meal. The business assets have an estimated value of $435,000 which includes a valuable consumption liquor license with a value of $310,000. The sale also consists of a fully equipped Pub Restaurant which includes 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 particular business has twelve employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $19,000. This business transaction is available with the real estate or can include a new commercial lease which will expire 2036-01-01 plus additional options, with a monthly rent of $5,000 triple net and rent security $10,000. The Pub is located in a free stranding facility which consists of 2,500 square feet and has a capacity for approximately one hundred 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 certificate of occupancy and food license from the particular municipality and the required state liquor license 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 28% investment return to the owner operator prior to debt service. The 2015 yearly gross income is $1,419,628 and the business has a yearly net income of $315,000 based on an owner operator and prior to debt service. The sale has been valued at $1,525,000 based on a multiple of the net yearly income, real estate and the value of the specific business assets, also seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. The real estate has an assessed value of $820,679 and the yearly real estate taxes are $14,112. The business is available with a lease based on a price of $875,000. 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.

Posted Jun 8, 2016

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