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

Business for Sale Summary

Bar Grill Wings in Suffolk County, NY - 30322

Business Type: other eating & drinking places,other food stores,restaurant/ cafes,best deals!,new to market,seller financing available,bar/tavern/night clubs
Owner Financing
Bar Grill Wings in Suffolk County, NY
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 82 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $339,000 Down Payment $200,000
Gross Revenues $1,174,194 Lease Remaining Register Free to View
Owner’s Cash Flow $177,590 Number of FT Employees Register Free to View

Financing

$200,000 Down and $139K over 8 yrs. @ 6%.

Business Description

The current owner put a different spin on a bar and grill, and it is working. Located in a densely-populated and affluent area of North Shore Suffolk County, this business offers 2,400 sq. ft. and over 40 parking spaces. They have 30 flat screen TVs to catch every sporting event, and a full-sized bar. There are 11 years (6 5) left on the current lease, at a rent of $10,395 (which includes taxes, garbage, cesspool and grease trap maintenance fees, water, landscaping, snow removal, fire alarm, outside lighting and sprinklers). In the past year, the business grossed approx. $1,274,000 (30% bar, 70% food), with a net cash flow of approx. $177,590. There is upside in bringing down the current food cost of 45%, adding delivery and pushing take-out (currently only 2% of sales). They have no advertising budget. We are seeking a serious and financially-qualified buyer with at least $200K in liquid funds for the downpayment, and $15K for the rent security. To learn more, please call Mel Vaz today 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.