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Business for Sale Summary

4500 SF Pub & Restaurant in Prime Area - 34505

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
Owner Financing
4500 SF Pub & Restaurant in Prime Area
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This business has received 25 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $645,000 Down Payment $322,500
Gross Revenues $1,300,000 Lease Remaining Register Free to View
Owner’s Cash Flow $266,200 Number of FT Employees Register Free to View

Financing

$322,500 Down and $322,500 over 4 yrs. @ 6%.

Business Description

4500 SF Pub & Restaurant in Prime Area. This is a true gem. It is located on a main street with access to parking in the next hotspot on LI. The area is going through a major redevelopment with a muti-million-dollar revitalization program that has already begun. This will bring a flood of new visitors to the attractions in the area. Regardless, the current owner is ready to retire. He successfully navigated through the worst of the pandemic and is ready for his next chapter. 2019 gross sales were $1,300,000 with an owner’s cash flow of approx. $266,200.00. These are verifiable figures. 2020 gross was $910,000.00 and 2021 has seen a great bounce back and looks to be on par with the 2019 sales. The business is fully equipped and fully staffed (13 F/T and 15 P/T employees). It also has a long term lease of 16 years with a rent of $8,000/mth.(incl taxes). Now is the time to make a purchase and ride the recovery wave and be prepared for the upside of the redevelopment. We are seeking a serious and financially qualified buyer with at least $322,500 in liquid funds to cover the down payment. That does not include approx. $35K in inventory. Proof of funds will be requested prior to meeting with the owner. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.