Established Bar Pub in Suffolk County NY - 30771 Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $110,000 | Down Payment | $110,000 |
| Gross Revenues | $500,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $100,000 | Number of FT Employees | Register Free to View |
Financing
$110,000 Down and
Business Description
Long Island. 3,500 Sq. Ft. bar & grill with another connecting 1,000 Sq. FT building, for parties and catering. Both have private patios. The bar has 22 taps and 3 walk-ins, full kitchen, 11 TVs and 2 55 inch TVs in the party room. This bar comes with an incredible camera system, with 32 cameras. The bar also has a brand new heating system and POS system. The bars monthly rent is only $7,500 which includes building insurance and has a great lease for 10 years plus 5-year option. The gross revenue is $500,000 annual plus income from OTB, Lotto, and games. After all, expenses are paid, the net cash flow is $105,000 per year plus income from OTB, Lotto, and games. Seller is selling due to health reasons. This is truly a great opportunity for a new owner. Please contact Jim Aloi broker at 1-877-735-5224. NOTE PRICE WAS REDUCED AND IS FIRM NOTHING LESS CONSIDERED POINT OF SALE NOT INCLUDED IN THIS PRICE.LANDLORD SELLER WILL GIVE ATTRACTIVE LEASE AND FIRST OPTION TO BUY REAL ESTATE buyer must put up 2 months security and one months rent inventory dollar for dollar.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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