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Posted: Friday, December 15, 2017 12:44 PM


Bar & Grill in Prime Location

Business Description: Bar & Grill in Prime Location. First off the location is a prime corner in the heart of Nassau County. It is a bar with a full liquor licence and a grill with a full restaurant kitchen.
The offer bar seating as well as booths for dining. In the past year the business grossed approx. $416,000 in gross bar-grill sales (plus Quick Draw and OTB), with a total net cash flow of approx. $104,000.00.
They are currently open 7 days from 11am-4am for lunch and dinner. The location is fully staffed with 2 F/T and 1 P/T in the kitchen and 4 P/T wait staff and bar staff.
There are 11 years left on the current lease (6 5) at a rent of $5,300/mth. (incl. CAM and taxes). The main floor is 1,200 sq. ft.and there is a full 1,200 sq. ft. basement with a prep area, walk-in and storage.
There has been tremendous new residential apartment construction in the area. The owner has been forced to sell due to a health condition.
We are seeking a serious and financially qualified buyer with at least $185K in liquid funds to cover the downpayment and approx. $10K in rent security.

Asking Price: $249,000.00

Gross Revenue: $416,000.00

Owner's Cash Flow: $104,000.00

Down Payment: $175,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

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.

• Location: Long Island, Nassau County

• Post ID: 149112297 longisland

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