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This Business has been Sold!
Closing Date: 11/01/2017
Broker: Jim Aloi

Business for Sale Summary

Restaurant -cafe - 29872

Business Type: bar/tavern/night clubs,best deals!,new to market,seller financing available,restaurant/ cafes
Sold
Restaurant -cafe
On November 1st 2017, 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 $250,000 Down Payment $125,000
Gross Revenues $520,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$125,000 Down and 125,000.00 for 5 years @7%

Business Description

Nassau County free standing Bar n Grill Newly updated for a cost of $300k Must see this top shelf business which has all the bells and whistles as seller is a well know engineer. Includes sate of the art kitchen brand new bar new floors 3 new ac units,5 large screen tvs,12 tap beers full clean basement with office,liquor room storage rooms and 2 much to list includes new Point of sale and video camera systems . Full out door large brand new patio with custom lights and seating Liquor license also permits outside service. This is a rare gem. Landlord seller has no food experience. Business does about $10,000 weekly experience operator may double present numbers. Seller over 10 year lease with 5 year option asking rent is $5k all with tax. Great place for hamburgers,Mexican,Italian,Fish,sports bar bring your ideas not many like this one. Seller 100 percent absentee and is paying all profits in salary. This good be a future goldmine. Please contact the broker at 1-877-735-5224.

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.

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.