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Business for Sale Summary

Bar & Restaurant - 29432

Business Type: fast food franchise,other eating & drinking places,pizza parlour,restaurant/ cafes,assets only sale,best deals!,distressed sales!,must sell/drastic price reduction!,new to market,bar/tavern/night clubs
Bar & Restaurant
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This business has received 248 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $15,000 Down Payment $15,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$15,000 Down and

Business Description

Owner offering first year's rent- free! Sports bar for sale in Queens area- all new! Great for bar, pizzeria, Mexican restaurant, and catering for any menu! Brand new and under construction- $500,000 is already invested. Tenant lost place to landlord because he could not raise the last $150k needed to finish construction. All permits in place, and all rough plumbing, gas and sinks, bar and bathrooms are done. All plans on location. Fully complete, at a cost over 100k . Electric, fire system and kitchen- all roughed in and ready to finish. Two levels and partial 10ft. ceilings. Deal directly with the landlord. This is a great location, with non-metered parking. This busy Queens location is near a church, park and busy roads. This place is built to be high-volume. Must see it to believe. Someone's loss can be your gain. All new, large restrooms, custom bar, large lower-level kitchen, dining room, all-handicap area for live music, office area, stock rooms, liquor room and too much to list. Wired for high volume. There is a sports bar with multiple TV connections. Landlord offers four months' free rent and 10-year lease with five-year option. All new floors, roof, sheet rock and more. Great for major franchise. This will be a million-dollar place when finished- come add the final touches and redo the front. Contact broker Jim Aloi for an appointment. Landlord wants $15k key money, plus two months' rent security, and buyer will get four months' rent- FREE! Rent is $7500 per month, with 15-year lease. Contact Broker Jim Aloi.

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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.