Local Sports Bar & Restaurant - 35151 Business Type: entertainment,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,owner financing available,bar/tavern/night clubs
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $135,000 | Down Payment | $135,000 |
| Gross Revenues | $701,941 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $61,000 | Number of FT Employees | Register Free to View |
Financing
$135,000 Down and The seller may consider seller financing for a well-qualified buyer with good credit and a PG.
Business Description
Local Sports Bar & Restaurant. This gem is located on a major roadway, on a corner lot, with great parking. They specialize in buffalo wings, burgers and beer. In fact, they have an award-winning wing recipe. This is a spacious 2,400 sf. space with 20 tv’s to catch most major sporting events as well as LOTTO and OTB. They have 22 taps available for draft beer. The current owner loves the business, but is forced to sell as he is moving. He started the business in January of 2020 and navigated through the worst of the pandemic. Gross sales for the past year were $701,941.00 with an owner’s cash flow of approx. $61,000.00. The business is also fully staffed (2 F/T and 10 P/T employees). There are 2.5 years left on the current lease with a rent of $7,750/mth.(incl taxes). That lease can be extended for a qualified buyer. We are seeking a serious and financially qualified buyer with at least $135,000 in liquid funds. That does not include approx. $10K in inventory. The seller may consider seller financing for a well-qualified buyer with good credit. Proof of funds will be requested prior to meeting with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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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