Restaurant Saloon

Seller Financing Available

Highly popular Saloon Restaurant in southern Bergen County New Jersey. The company has a substantial net income and offers owner financing. 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. The present yearly gross income represented by the seller owner is $1,250,000 and the business has a consistent yearly net income of $170,000. The 2024 gross income is expected to be similar to the previous year. Due to various reasons and possible seller discretionary income, formal due diligence is recommended. The business has been valued / priced at $395,000 which is based on the estimated value of the business assets. Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating. The business fixed assets have an estimated value of approximately $250,000 which is based on the replacement cost of the original buildout, representing equipment, licensing, tangible & nontangible value. The accurate value of the assets will be identified during the allocation period. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, consumption liquor license, refrigeration & freezer units, web site, social media components, POS system, displays, shelving, tables, web site, computers, modern lavatories, 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.