Somerset County, NJ Bars, Pubs and Taverns For Sale

Bars, Pubs and TavernsNew JerseySomerset

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Popular Pub/Restaurant
$325,000Cash Flow: $114,000Seller Financing
Popular Pub/Restaurant

Somerset County, NJ

Long standing bar restaurant in a wonderful area of Middlesex county, New Jersey. This industry does not require government agency approval to purchase, however it does require approval for the liquor license. This business has six full & part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $8,800. The business has an assignable commercial lease which expires 2022-01-01 plus additional options, with a monthly rent of $3,100, plus real estate taxes, and rent security $5,000. Also, an option to purchase property at $350,000. The business assets have an estimated value of $275,000, based on replacement cost of licensing and equipment. The business is active seven days per week, with hours from 11:00 am to 2:00 am. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The 2017 yearly gross income is $500,000 plus discretionary income and the business has a yearly net income of $114,000 based on an owner operator and prior to debt service. The sale has been priced based on a multiple of the net yearly income and asset value which includes a valuable liquor license. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Successful Sportsbar for Lease in Somerset County!
$1,295,000
Successful Sportsbar for Lease in Somerset County!

Somerset County, NJ

Succesful Sportsbar for sale, newly renovated and in fantastic condition! Excellent location surrounded by Corporate Headquarters, and easy access to Route 287. Current gross sales are in excess of $1.5 million with a great deal of potential to increase with small changes.


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