Rockland County NY Saloon

Pearl River, NY

Seller Financing Available

Tavern Restaurant
Asking Price:$595,000
Gross Revenue:$1,200,000
Rent:$5,950/Month
Established Year:1992
Cash Flow:$170,000
Inventory:$4,500
FF&E:$145,000
BUSINESS DESCRIPTION

Active saloon and casual restaurant with live entertainment approval in a wonderful area of Pearl River, Rockland County New York. This business’ gross sales are approximately $1,200,000 representing 75% liquor and 25% food sales. This Tavern is offering a rotating selection of the finest American craft beers available on draught and in cans. This popular Tavern is offering a rotating selection of the finest American craft beers available on draught and in cans. Be sure to check out our Beer Menus page for daily updates! The business has existed for many years and the owner is now retiring after much success. Training and owner financing is available and priced for a quick sale. 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 business fixed assets have an estimated value of approximately $145,000 which is based on the replacement cost of the original buildout, 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, liquor license, refrigeration & freezer units, web site, various licenses, social media components, POS Avanna system, displays, shelving, tables, computers, cash registers, 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. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity. Perspective buyers are required to execute a Non Circumvential Agreement.


DETAILED INFORMATION
Location
Pearl River, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Lease Expiration
01/11/2033
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is located on a commercial avenue with various other active retail businesses. This opportunity is in southern New York, Rockland County, which consists of various highly populated communities with continued demand for this type of food service. This is a long-standing business; the facility consists of approximately 2,000 square feet and has an old-style attractive appearance.
Competition
Regarding 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
Regarding growth and expansion, the business opportunity can be further expanded with a new operator by improving the local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing
Seller financing is available to qualified buyer with appropriate down payment.
Support & Training
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
Reason for Selling
The purpose of this business transaction is due to the owner retirement from thi
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Ron
Cervelli
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Ron Cervelli