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Businesses For Sale > Business For Sale in Northampton County, Pennsylvania (PA)

College Bar Nets $550k for sale in Northampton County, PA

Northampton County, Pennsylvania (PA)

Asking Price: Gross: Cash Flow:
Undisclosed $ 2,500,000 $ 550,000

Furniture and Fixtures Value:
$ 270,000 (included in the asking price)

Inventory Value:
$ 2,500 (included in the asking price)

Business Summary:
This sale represents a highly successful Pub Restaurant which has a gross income of $2,500,000 and a consistent net income of $550,000 to the owner operator. This is one of the hottest nightspots in the area, featuring live music. Their customers enjoy a wide selection of draft or bottled beer, signature liquors, and a wonderful menu with great bar food and tasty lunch or dinner options. The business has an incredible reputation and services a huge college population in the city. This is a very unusual purchase opportunity which offers a substantial net income and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator. This food and service industry requires state & municipal government licensing approval to purchase and operate due to the food and liquor services. This bar opportunity is in Eastern Pennsylvania in the county of Northampton, which consists of various highly populated communities with continued demand for this industry. This company has eight full & part time employees who are unaware of the pending sale fully expected to remain post-closing, and the monthly payroll is approximately $13,800. The sale will include a commercial lease which will expire 2027-01-01 plus additional options, with a monthly rent of $6,500, cost per square foot is estimated at $29.20 and rent security of approximately $13,000. This restaurant pub is in a free stranding commercial building, on an active county road, consists of two floors, approximately 3,000 square feet and has an estimated capacity for 135 customers. The business fixed assets has an estimated value of approximately $270,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped Pub Restaurant which includes a commercial kitchen, refrigeration & freezer units, POS system, displays, shelving, tables, computers, fire suppression system, web site, 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. The facility has appropriate municipal and private pay parking near to the facility.This successful bar restaurant business operation is active six days per week, with hours from 4:30 pm to 2:00 am. The sale includes all the required documentation including a certificate of occupancy from the municipality and the required state & city licenses to conduct its day to day business. The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator. The business presently has a basic marketing plan, standard web site which can be improved to further develop the yearly gross sales. Although competitors presently exist in the industry, 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. The 2016 yearly gross income was $2,500,000 and the business has a yearly net income of approximately $550,000 based on an onsite owner operator and prior to any debt service. The business has been valued based on a multiple of three times the net yearly income which includes the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

 

   
Year Business was Established: 1978
   
Number of Employees: 8  
   
Facilities / Terms of Lease: This business operation is in a major Pennsylvania City, which has a very well-known state college and has State approved gambling which attracts a huge number of visitors. The facility consists of 3,000 square feet, has been upgraded and has a modern attractive appearance. The business is on an active commercial avenue with various other successful businesses. This bar opportunity is in Eastern Pennsylvania in the county of Northampton, which consists of various highly populated communities with continued demand for this industry.  
   
Potential Growth/Expansion: The business presently has a basic marketing plan, standard web site which can be improved to further develop the yearly gross sales.  
   
Competition: Although competitors presently exist in the industry, 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.  
   
Owner willing to finance: Seller financing is available to qualified buyers.  
   
Owner willing to train: The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.  
   
Reason for selling: Owner is relocating out of this food & service industry  
   
Seller Reference Number: BAR627
BusinessMart.com Listing Number: 209136
 

 

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For more info contact:

Ronald Cervelli

Regal Consulting Corp.
973-837-0808

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