Financing: $189,000.00 Down and None
Reason for Selling:Brother/.manager is leaving.
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.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
