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Restaurant With Liquor License & Property
Location: United States -> New Jersey -> Hudson County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Solid business opportunity for this successful and attractive Secaucus, New Jersey Restaurant with a valuable consumption liquor license. The restaurant has an existing gross income of $500,000 and a $100,000 net income to the present owner. This well-established Restaurant is located in a wonderful area of Hudson County, New Jersey minutes from the New York train station and the Lincoln Tunnel. The sale includes a modern fully equipped 1,920 square foot restaurant with a full basement and a consistent, solid income to the owner operator. The business has a large bar, a private restaurant seating area and a modern commercial kitchen. The facility also has a second-floor residential rental unit.

The business assets has an estimated value of approximately $310,000 and the sale consists of a fully equipped Pub Restaurant which includes a consumption liquor license, 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 retail business presently has six employees and the staff is unaware of the pending sale and fully expected to remain post closing, monthly payroll $5,200. The facility has appropriate municipal parking nearby to the site.

The business is operational five days weekly, Tuesday to Sunday with daily hours from 4:30 pm to 9:30 pm. The business has a New Jersey State issued consumption liquor license. The owner is retiring out of the immediate area and based on the asking price, required down payment and net income this business should supply a 35% return to the owner operator prior to debt service. This is an excellent safe business purchase opportunity. This transaction is confidential, all viewings are by appointment only, and photo may not represent this particular business.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $500,000
Cash Flow:   $100,000
Cash Flow Type:  EBITDA
Inventory:  $310,000
Seller Financing:  Yes

About The Business

Year Established:  1985
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  The seller will remain after closing and supply an appropriate transitional period.
Reason For Selling:  The owner is relocating after many years of success in this service industry.

Photos

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Restaurant With Liquor License & Property Photo 1




Print Listing Id: 700285719
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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