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This Business has been Sold!
Closing Date: 06/17/2014
Broker: Jim Aloi

Business for Sale Summary

Pool Hall and Cocktail Lounge - 24825

Business Type: seller financing available,special situations,best deals!,absentee business,new to market,retailing businesses,amusement parks/arcades/recreation,bar/tavern/night clubs,entertainment,other eating & drinking places,restaurant/ cafes,misc. retail/non-classifiable,service businesses,catering and event planning
Sold
Pool Hall and Cocktail Lounge
On June 17th 2014, The Undersigned
Acted as the Advisor to the Deal
Jim Aloi
Jim Aloi Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $349,000 Down Payment $224,000
Gross Revenues $580,000 Lease Remaining Register Free to View
Owner’s Cash Flow $241,445 Number of FT Employees Register Free to View

Financing

$224,000 Down and 125,000 at 6% for 5 years

Business Description

This is an up scale restaurant, bar and billiard club centrally located on Long Island They offer a full menu with a wide variety of appetizers. There is a lounge area with a cozy fireplace and comfortable sofas. It offers multiple large screen TVs for viewing sporting events. Their beautiful bar features granite and brick and bar seating. They also host pool player associations tournaments & pool leagues. This profitable listing brings Manhattan style to Long Island in a way you would have to experience it in order to fully appreciate it. Great place to welcome your family or a friends for a warm and inviting good time or catered affair. Truly one of the nicest of its kind. Please note this is a very up scale high end establishment. Seller opens late and closes early & does no advertising at all. Buyer can open more hours and work hands on and earn a lot more income. This is a rare gem and should not be overlooked. Building has great lease with little increases and a pleasant landlord. They have a spacious parking lot. This build out cost over $750,000....LOW OVERHEAD LOW FOOD COST. Proof of Funds Required. Contact Your Local Vested Business Broker, Jim Aloi, For More Information at 1-877-735-5224.

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.