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Business for Sale Summary

Wine Bar & Tapas **MAJOR PRICE REDUCTION** - 28907

Business Type: misc. retail/non-classifiable,other eating & drinking places,best deals!,must sell/drastic price reduction!,new to market,seller financing available,bar/tavern/night clubs
Wine Bar & Tapas **MAJOR PRICE REDUCTION**
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Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $110,000
Gross Revenues $332,400 Lease Remaining Register Free to View
Owner’s Cash Flow $134,985 Number of FT Employees Register Free to View

Financing

$110,000 Down and $139K over 5 yrs. @ 6%.

Business Description

Wine/Cheese and Tapas Bar located on the hottest strip in Queens. **MAJOR PRICE REDUCTION** SELLER IS WILLING TO TAKE LESS THAN 45% AS A DOWNPAYMENT! 2 floors (900 sq. ft. upstairs and 900 sq. ft. downstairs) with an unbelievable lease, 8 yrs. remaining @ $6,695/mth. (incl. taxes). Everything is in place and it is just waiting for a new owner to continue running the operation. Everything inside is custom made. After investing over $500k into this prime location the current owner is forced to sell due to personal reasons. In the past year the business grossed approx. $360,000.00 with a net cash flow of approx. $134, 985.00. ONLY OPEN 6 DAYS/WK. CLOSED ON MONDAY. If you are an experienced operator and know a good location and good lease than this is the one that will give you huge returns in a short period of time!!! Unbelievable foot traffic on a main strip with thousands of passing motorists each day. You can keep the current concept or bring in something new. The place has a 600 sq. ft. backyard and a 500 sq. ft. prep area that can be converted into a kitchen. It has indoor seating with a patio out back and a small wine cellar in the basement. The owner is very eager and is ready to entertain all offers!! You will not find a lease with low rent like this one anywhere on this strip! Please call 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.