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Business for Sale Summary

Bar Catering Grill and Lounge - 24033

Business Type: retailing businesses,bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes
Bar Catering Grill and Lounge
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Financial Information (non-confidential)

General Information
Asking Price $175,000 Down Payment $100,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$100,000 Down and $75k for 5 years @6%

Business Description

Bar and Restaurant located on the East End. This is a 6500 square foot free standing bar with low rent for only $4500 and a great lease. Absentee seller needs hands on buyer or strong partner with a lot of experience. This bar &restaurant is established for 70 years and is located on a major route with super visibility. Broker feels this bar can triple its present sales with good catering, promotion, better men, and some updating. Come bring your ideas, the sky is the limit, must see! Includes 2 catering rooms, a dining room, bar, lounge area, fireplace and a large kitchen with 2 walk-in boxes. Hands on owner with cooking experience can also greatly cut payroll. Seller has $375,000 invested in this business. Sacrifice for $175k with $100k down. Contact Jim Aloi.

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.