Bar, Restaurant & Deli
RestaurantsFor Sale in NY
Financial & Assets Details
About the Business
Solid business opportunity for this pub restaurant and deli combo, located in Rockland County New York. The business has a consistent gross income of $750,000 and can be further developed with an onsite owner operator. The business income represents 50% restaurant pub and 50% from the deli operation. This transaction also has an income from Lotto, ATM and vending equipment. This business embodies the spirit of an English style with a friendly neighborhood atmosphere. This business routinely has six full / part time employees who are unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $13,400. This business transaction will offer a new ten-year commercial lease which will expire 2029, plus additional options, with a monthly rent of $3,500, cost per square foot is estimated at $21.00, and rent security of approximately $3,500. The business has been valued / priced at $275,000 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Growth & Expansion
The business presently has no local advertising or web site and if improved can further develop the business yearly gross sales.
Available to a qualified buyer.
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.
This long-standing pub restaurant and deli is located in southern New York, Rockland County. The general area consists of various highly populated communities. The business consists of approximately 2,000 square feet with a quaint and attractive appearance. The business has separate entrances for the bar restaurant and a separate entrance for the deli operation.
Support & Training
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Reason for Selling:
The sale is due to the owner’s illness and inability to maintain the business.