Irish Pub

Orange County, NY

Seller Financing Available
Irish Pub
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Asking Price: $275,000

Cash Flow: $125,000

Gross Revenue: $675,000

EBITDA: N/A

FF&E: $175,000

Inventory: $3,500*

Rent: $6,000 /Month

Established: 1981

*not included in asking price.

Irish Pub

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Business Description

Recently available for this popular high-volume thirty-year young Irish Pub Restaurant in a wonderful affluent area of Rockland County New York. The business is available due to the owner’s retirement after many years of success in this food industry. This Bar & restaurant business has an average yearly gross income of $675,000 and a consistent net yearly income of $125,000 based on an onsite owner operator. This business operation produces 65% liquor and 35% food sales representing a substantial markup to the company. The business is known for its wonderful service, good food and craft beers. The business operation is an American Pub, located in a wonderful area of Rockland County, New York. It is a family owned and operated with over 30 years’ experience. They strive to source most of the food ingredients from local farmers and they use as many local Hudson Valley purveyors as possible with the promise to provide them with the freshest ingredients that are seasonably available whenever possible. The Bar business has existed for many years with various owners and offers an array of different menu items in their unique setting located in a highly populated area of New York State. The restaurant is well known for its popular Saturdays and they offer Sunday brunch while watching the soccer games from all over the world, or one can just stop by and enjoy a beer. They are also very proud of their unique rotating monthly menu with authentic -international cuisines. This is a 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. This industry requires state government licensing approval to purchase or operate due to the New York State issued consumption liquor license. This retail business opportunity is in Southern New York State, Rockland County, which consists of various highly populated, and affluent communities with continued demand for this food service and industry. The facility which consist of approximately 2,000 square feet has an authentic attractive appearance. The business is in a very active commercial mall near to various other successful retail businesses. This company has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $9,500. Lease and terms, the business transaction will offer an assignable commercial lease which expires 2029-01-01, plus additional options available, with a monthly rent of $6,000 all in, cost per square foot is estimated at $36.00 and rent security of approximately $10,000. The business is in a commercial mall, on an active county road, consists of approximately 2,000 square feet and has an estimated capacity for approximately one hundred plus customers. The business fixed assets has an estimated value of approximately $175,000 which is based on equipment and licensing replacement cost including a multiple of the net yearly income. The sale consists of a fully equipped Pub Restaurant which includes a full commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, web site, computers, web site, 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 appropriate private and municipal parking on site as part of the sale or lease agreement. This successful Pub Restaurant business operation is active seven days per week, with hours from 11:00 am to 4:00 am.
The sale includes all required documentation including a certificate of occupancy from the municipality, consumption liquor license and the required state & city licenses to conduct its day to day business. The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. The purpose of this sale is due to the owner is preparing to retire from this industry after many years. The business presently has a poor marketing plan, a non-optimized web site, and additional growth is possible with an onsite owner operator. To the best of our knowledge, due to various circumstances, 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 2018 yearly gross income is $675,000 and the business has a yearly net income of approximately $125,000 based on an onsite owner operator and prior to any debt service. This business transaction has been valued at $275,000 based on a multiple of the net yearly business income, which includes the value of the specific business assets. Also, seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Routinely the company has approximately $3,500 of marketable wholesale inventory and the purchaser will be responsible for that cost at time of closing, based on wholesale value. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Location:
Orange County, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
1/1/2029
Employees:
Six
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This retail business opportunity is in Southern New York State, Rockland County, which consists of various highly populated, and affluent communities with continued demand for this food service and industry. The facility which consist of approximately 2,000 square feet has an authentic attractive appearance. The business is in a very active commercial mall near to various other successful retail businesses.
Competition:
To the best of our knowledge, due to various circumstances, 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.
Growth & Expansion:
The business presently has a poor marketing plan, a non-optimized web site, and additional growth is possible with an onsite owner operator.
Financing:
Seller financing is avaiable to a qualifed buyer
Support & Training:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The purpose of this sale is the owners retirement.
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(from currently available funds)
 
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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