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Business for Sale Summary

Bar & Grill Downtown NYC - *PRICE REDUCTION* - 29351

Business Type: entertainment,restaurant/ cafes,absentee business,best deals!,new to market,seller financing available,bar/tavern/night clubs
Bar & Grill Downtown NYC - *PRICE REDUCTION*
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Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $199,000
Gross Revenues $576,037 Lease Remaining Register Free to View
Owner’s Cash Flow $103,937 Number of FT Employees Register Free to View

Financing

$199,000 Down and Possible for a qualified buyer.

Business Description

Bar & Grill Downtown NYC. *PRICE REDUCTION* 1am liquor license. This is a very popular pub/rest./sports bar that needs an owner/operator. The current owner has spent the past 6 years building this business. In the past year the business grossed approx. $625,000.00 (70% bar and 30% food) with a net cash flow of approx. $103,000.00. The location does have a full restaurant kitchen. THE OFFER NO FOOD DELIVERY OR BRUNCHES. Although the business is high profitable, it would do even better with someone hands on. There is a new 10 year lease. The total rent is $9,800/mth with 3% annual increases for a 1,000 sq. ft. space with a 600 sq ft. bsmt. The landlord will require a 3 mth. rent security deposit. We are seeking a serious and financially qualified buyer with at least $230K in liquid funds to cover the downpayment and deposits. If you meet the criteria, please call 1-877-735-5224. PLEASE VISIT THE LOCATION DISCREETLY AND DO NOT MENTION THE SALE TO THE STAFF!.

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.