Upscale Bar & Grill Near LIRR - 23295 Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,restaurant/ cafes/ diners
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $200,000 | Down Payment | $200,000 |
| Gross Revenues | $0 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $0 | Number of FT Employees | Register Free to View |
Financing
$200,000 Down and None
Business Description
Upscale Bar & Grill near LIRR. This beautifully appointed restaurant offers 2500 sq. ft. of space including a full basement and fully equipped kitchen. Location is currently only open from 4pm - midnight. There is huge upside with extended hours and adding lunch. They have a unbeatable lease agreement with 9 years remaining plus a 5 yr. option. 14 years! The rent is $5,800/mth. (incl. taxes and maintenance). The utilities average $1,500/mth. There is a huge municipal parking lot with over 500 spaces. The owner built the place himself just 8 months ago. All furniture, fixtures and equipment are practically new. The build-out alone cost the owner over $350K. In the past eight months the business has been averaging $10k/wk. in sales being run absentee. The seller is motivated due to another other project that he has underway. We are looking for a serious and experienced buyer with at least $200K in liquid capital to cover the down payment, deposits, working capital, inventory, etc. If you meet this criterion, please call or email Mel Vaz. For More Information Contact Your Local Vested Business Broker, Mel Vaz, 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.
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