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This Business has been Sold!
Closing Date: 05/24/2018

Business for Sale Summary

American Bar & Restaurant-Westchester County, NY - 29958

Business Type: bar/tavern/night clubs,best deals!,must sell/drastic price reduction!,new to market,seller financing available,restaurant/ cafes
Sold
 American Bar & Restaurant-Westchester County, NY
On May 24th 2018, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
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 $125,000 Down Payment $125,000
Gross Revenues $575,116 Lease Remaining Register Free to View
Owner’s Cash Flow $125,069 Number of FT Employees Register Free to View

Financing

$125,000 Down and SELLER WILL ENTERTAIN ANY REASONABLE OFFER!

Business Description

New American bar and restaurant for sale. Seller will entertain any reasonable offer. Established for 14 years, this restaurant is located in a very affluent part of Westchester, and caters to high-end clientele. There is great walking traffic and public parking. The space is 1,600 sq. ft., with a full basement, including a prep area and walk-in boxes. The dining room is on the main floor, with seating for 45, plus a 14-seat bar. There is a full liquor license until 3am. They are open six days per week, Monday through Wednesday, 5pm - Closing, and Thursday through Saturday, 11:30am to Closing. Monday through Wednesday, only dinner is served- no breakfast or lunch. A new owner can keep the current concept or bring in something new. There are 6.5 years left on the current lease, at a rent of $6,300/month with 3% annual increases. The lease can be extended for a qualified tenant with good credit. In the past year, the business grossed approx. $624,000.00, with a net cash flow of approx. $125,319.00. The current owner is not the head chef, and the business is fully-staffed. We are seeking a serious and financially-qualified buyer with at least $170K in liquid funds to cover the asking price and approx. $20K in rent security. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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. kg

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.