Profitable Irish Pub Restaurant located in active Monmouth County and in the Belmar Southern, New Jersey area. The owner has elected to retire for this wonderful business opportunity with the property. The Pub is located in an active town, established in 1960, upgraded in 2005 and is very well known in the Belmar, New Jersey area. The business offers great foods, drinks, live entertainment, private parties, catering and sports TV. They are well known for their popular happy hour and ongoing specials. This Belmar Sports Pub has numerous Flat Panel TVs and an 84? HDTV Projection screen so you can really enjoy football Sundays! The Pub offers games and some of the highly talented live entertainment bands in the Monmouth County Belmar area. The business has a gross income of approximately $925,000 and a net yearly income of approximately $195,000 prior to debt service and based with an onsite owner. The real estate has an estimated value of $768,000 and the sale includes a valuable consumption liquor license. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this sale expects to supply a substantial investment return to the owner operator. This industry requires state government agency approval to transfer the liquor license. The retail business is located in Monmouth County, NJ in the Belmar area which consists of an active populated community with various commercial businesses. The facility which is 2,500 sq. ft. has duel entrances and a capacity of 105 customers. The business has large bar, various seating areas, outdoor patio and separate areas for social activities. This particular business has ten full & part time employees consisting of bar maids and kitchen workers who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is approximately $10,400. The business facility which consists of 2,500 square feet and has a capacity for approximately one hundred customers.
Asking Price $995,000
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