1. Home
  2. Businesses for Sale
  3. New York
  4. Bar/tavern/night Clubs
Business for Sale Summary

American Pub and Restaurant in Suffolk County - 35181

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
American Pub and Restaurant in Suffolk County
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 68 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $725,000 Down Payment $500,000
Gross Revenues $900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $275,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $225K over 3 yrs. @ 6% with a PG and collateral.

Business Description

3000 SF Pub & Restaurant in Prime Area. This landmark is located on a main street in the latest hotspot on LI. The area has been going through a major redevelopment with many new bars and restaurants opening up. This owner built the business from scratch 7 years ago and is now ready to sell. He successfully navigated through the worst of the pandemic. 2020 gross sales were approx. $850K, 2021 sales were approx. $900K and 2022 should be topping $1 million. That does not include private parties that are booked for every weekend. An owner’s cash flow of approx. $275,000.00 is expected by year end 2022. This business is fully equipped with a restaurant kitchen and hood, 24 taps, even pizza ovens. It is also fully staffed (5 F/T and 8 P/T employees). It also has a long term lease of 18 years with a rent of $6,300/mth.(incl taxes). It has been approved for rooftop seating as well. Now is the time to make a purchase and ride the recovery wave. We are seeking a serious and financially qualified buyer with at least $500,000 in liquid funds to cover the down payment. That does not include 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 !

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.