Irish Pub & Restaurant In Essex County For Sale

Business description

Highly successful well established Beef & Ale House Restaurant Night Club located in a prime community of Essex County, New Jersey. This business is extremely popular, well known for its excellent food, drinks and service for the past many years. The facility consists of 6,500 square feet and hosts many private parties, dinners, and also has a great night life. The business has an approved entertainment license and offers weekly live music & DJ.The equipment includes commercial kitchens, valuable consumption liquor license, walk in refrigerators, POS system and various equipment required for this industry. The facility has an indoor seating capacity for 250 customers. Substantial municipal parking for 200 vehicles is immediately on site. The business is active 7 Days weekly hours from 4:00 am to 2:00 am. A consumption liquor license with a value of $350,000 and entertainment approval is included in the sale. An existing lease with an additional five year option is available for transfer and a monthly rent which includes cam charges of $7,500. The seller is retiring after many successful years in the industry and will finance the sale to a qualified purchaser. A long term lease and a very valuable Liquor License are included in the sale. This is a solid real opportunity with continued growth potential with a new operator.

Property information

Real Estate:

Lease

Location:

The business is located in an upscale urban commercial area at a active train station in Essex County, NJ. This area consists of a large volume of businesses and an active college which attract a high volume of customers.

Premises details:

The facility consists of 6,500 square feet with huge bar, various separate rooms, commercial kitchen and full prep area. The business has multiple rooms used for private catering functions which continue to increase the business income.

Business Operation

Expansion potential:

With continued good service and by adding a marketing plan this business can be further developed.

Competition / Market:

No other Irish Pub restaurants are in this general area and seller will supply a non compete agreement with this sale transaction.

Reasons for selling:

Retiring after many successful years in this particular industry.

Employees:

15

Years established:

1960

Other information

Support & training:

The seller will remain 45 days post closing to train the new operator.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is available to qualified buyers.

Furniture / Fixtures value:

$375,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)

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