Description

Most unusual & profitable business opportunity with owner financing for this popular sports pub restaurant with live music, located in Southern New York and in active community area of Rockland County. The facility consists of 2,645 square feet with a huge bar area and seating for approximately 135 customers. The business has a yearly gross income of $875,000 yearly income and a substantial/dependable yearly net income to the owner operator. The business gross sales represent sixty-five percent liquor and thirty-five percent food sales which represents a substantial mark up-profit for owner operator. This Pub is known for its wonderful atmosphere, good dependable food & drink, numerous flat screens TV's and quality service. Based on the asking price, required down payment and net income, this business will supply a 27% return to the owner operator prior to debt service. This is a wonderful opportunity with dependable income and the ability for further improvement by on site ownership. This business has been operating for six years with the present owner, however it has existed for approximately forty years.This pub restaurant business is located in an active commercial area of Rockland County, New York with various other businesses. The business is conveniently located close to numerous roads and is well known in the general area as a popular bar restaurant. The facility which is 2,600 square feet with a huge bar also has a large modern kitchen and a 2,000 square feet full basement. The facility has separate areas for private dining and the continued capacity for high production. Owner is semi absentee with a full time job and cannot continue to devote the time and into this business. The business has a full staff of seven plus experienced employees who are unaware of the pending sale and fully expect to remain post-closing monthly payroll $8,850. The business assets have an estimated value based on replacement cost of approximately $110,000 which includes a fully equipped restaurant-lounge, with a full kitchen, walk in refrigeration, full bar, display counter, POS computer system, phone system, liquor license, etc. The business has substantial private parking at the location and is part of the sale. The building has a legal capacity for 135 customers, one main floor with a full basement. The business is operational seven days weekly with hours from 4:00 pm to 4:00 am. The sale includes a Consumption Liquor License, live entertainment approval and a CO to operate the business at this location. The business needs onsite management for an improved operation, also by instituting more live music and a marketing plan this business can be further developed. The seller will supply a training period and remain post closing for 30 days. No other similar competitors exist in the particular area of this business and the seller will supply an appropriate non-compete agreement to the purchaser. The business has gross yearly sales of $875,000 and a yearly net income of $150,000. The business and property has been valued at $650,000 based on real estate value, multiple of the net yearly income and 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. The inventory is approximately $3,000 which is included in the sale. By appointment only, employees are unaware of the pending sale and photo may not represent the particular picture advertised.

Posted Sep 13, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.