Hoboken Bar

Uptown, NJ (Hudson County)

Hoboken Bar
Contact Seller

Asking Price: $95,000

Established: 1989

Hoboken Bar

Save Print Share Valuation Report

Asset Sale Description

Hoboken's legendary rock club, which is presently closed, and A friendly neighborhood Pub Restaurant located in the heart of Hoboken, blocks from the Path subway and minutes to Manhattans world famous Central Park, the Theater District and Times Square. This highly popular restaurant pub is known for its great food, drink and service including numerous HDTV's, internet jukebox and top of the line sound system for customers' enjoyment. They also feature all the local, national and international sporting events. The bar is a wonderful place for parties, special events and social get togethers, serving lunch and dinner daily, they have something to suit all their customers' needs. Looking to catch a game, or hang out with friends over a few beers, this Bar & Grill can accommodate all with over 50 sports channels on hand, they can accommodate the needs of almost any enthusiast who’s looking for a drink and a game to watch. If you’re hopping off the Path, the pub is located just blocks away from the station and offers Happy Hour specials daily. This is a wonderful dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. For Qualifications purposes, this industry requires government licensing approval to purchase or operate due to the New Jersey State issued consumption liquor license. This successful retail facility which consist of approximately 3,000 square feet have a modern attractive appearance. The business is located on an active commercial avenue with hundreds of other active and successful retail businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of younger business residents and highly populated communities with continued demand for this industry. This company previously had twenty full / part time employees and the monthly payroll expense was approximately $25,900. The business will include a new ten-year commercial lease which will expire 01/01/2029, plus additional options, with a monthly start rent of $10,000, cost per square foot is estimated at $45, and rent security of approximately $36,000. This pub restaurant business is on an active commercial avenue, consists of approximately 3,000 square feet and has an estimated capacity for one hundred & thirty-one customers. The business fixed assets has an estimated value of approximately $400,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped Pub Restaurant which includes the use of a valuable consumption liquor license, commercial kitchen, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, 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. The facility has municipal parking near to this restaurant. This successful pub restaurant operation was active seven days per week, with hours from 11:00 am to 2:00 am and 3:00 am during weekends. The sale includes all the required documentation to conduct business including a certificate of occupancy from the local municipality, entertainment & liquor approval and the required state or city licenses. Support and training is not available with this transaction. The sale is due to the landlord’s desire to maintain a commercial rental, the previous tenants lease expired, and the facility is now closed. The business presently closed had a limited marketing plan, poor web site, semi absentee ownership and if improved can further develop the business yearly gross sales. To the best of our knowledge, due to the limited liquor licenses, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The previous tenant had a consistent and substantial income based on an onsite owner operator and prior to any debt service. The business has been valued / priced at $95,000 based on the existing asset value which consists of the liquor license and internal equipment. This sale is confidential; all viewings are by appointment only and photo does Not represent this particular business opportunity.

Attached Documents


Detailed Information

Facilities:
This successful retail facility which consist of approximately 3,000 square feet have a modern attractive appearance. The business is located on an active commercial avenue with hundreds of other active and successful retail businesses. This opportunity is in Northern New Jersey, Hudson County, which consists of younger business residents and highly populated communities with continued demand for this industry.
Support & Training:
Not available with this transaction.
Reason for Selling:
The sale is due to the landlord’s desire to maintain a commercial rental, the pr
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Ron Cervelli

Asset Sale Listed By:
Customer Service

Regal Consulting Corp.

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock

Demographic Information

Household Income:
Unlock
Population Age:
Unlock
Population Change:
Unlock
Population by Race/Ethnicity:
Unlock

Real Estate Insights

Monthly Lease Rate per SF:
Unlock
Sale Price per SF:
Unlock

Metro Area Scores

Walk Score:
Unlock
Transit Score:
Unlock


Ad#:1574043 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Rocket Fizz Soda Pop and Candy Shops

Franchise Opportunity
Capital Required: $150,000