Upscale Bar & Grill near LIRR **MUST SELL** - 25954 Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,restaurant/ cafes/ diners,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $189,000 | Down Payment | $189,000 |
| Gross Revenues | $552,996 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $144,208 | Number of FT Employees | Register Free to View |
Financing
$189,000 Down and None
Business Description
Upscale Bar & Grill near LIRR ***PRICE REDUCTION*** This beautifully appointed restaurant offers 2200 sq. ft. of space including a full 1,500 sq. ft. basement and fully equipped kitchen. There is seating for 60 patrons (with 15 at the bar). The location is currently only open from 3pm - midnight M-F and 12-12 Weekends. There is huge upside with extended hours and adding lunch. They have a unbeatable lease with 14 years remaining. The rent is $5,800/mth. (incl. taxes and maintenance). In the past 12 months the business has grossed approx. $600,000.00. This is all verifiable through the POS System and purchase invoices. The net for that period was approx. $144,000.00 There is a huge municipal parking lot with over 500 spaces. All furniture, fixtures and equipment are practically new. The build-out alone cost the owner over $350K. The seller is motivated due to the fact that his manager/brother is leaving for another job. We are looking for a serious and experienced buyer with at least $189K in liquid capital to cover the down payment, deposits, working capital, inventory, etc. If you meet this criterion, please call or email Mel Vaz today at 631-909-1095 or mvaz@vestedbb.com.
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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