Sports Bar Pub In Heart Of New Brunswick For Sale

Business description

Location in the midst of states largest up turn city. Restaurant will continue to grow in volume for next several years- making great profits now after 9months- when opened for full year Nov 2011. Profit levels will be over 270 thousand per year and will grow in second year to volume of $1,750,000 and have profit over 400,000 per year. Business is in heart of states newly revitalized city. Situated in a location within city that is close to all that matters to draw patrons. Interior is modern-15 flat screen TV’s. Has 2 floors 1,800sq.ft on each floor. Top floor sits 57-19 at bar. Downstairs seats 60. Interior is modern and take advantage of its sport’s bar motif with best of TV’s and audio systems. Has elevator for food between floors. Owner working social media that constantly brings in new customers. Liquor over 60%, cash 30% average dinner check $28.00 with over 900 dinners weekly feature 12 draft beers, happy hour brings in constant flow of new patrons. Main seller on menu is apple bacon burger. Price $12.00 food cost $3.83. Located in section of large university city that brings in patrons from near by facilities, parking garages with one block. This place will increase in business at time goes on. A 2,000,000 volume should be realized within 3 years. For further information, please contact Vito Mastromonaco below.

Property information

Premises details:

2 floors 1800sq.ft on each floor, municipal parking garages within 1 block everything in place near new condition lease is great.

Business Operation

Expansion potential:

This restaurant because of its location in the country seat has enough commercial and neighborhood traffic to fill both levels every night of the week

Competition / Market:

In the center of the city where this restaurant is located there are not enough food eating establishments

Reasons for selling:

Owner relocating

Trading hours:

Mon-Sat 11am-2am Sun 12 noon to 12pm

Employees:

15

Years established:

9 months

Other information

Support & training:

2 weeks

Financing available:

Owner would accept $224,000 in financing with terms negotiable

Furniture / Fixtures value:

$200,000 (included in the asking price)

Inventory / Stock value:

$11,000