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Business for Sale Summary

Bar & Restaurant for Sale in New York - 35936

Business Type: catering and event planning,restaurant/ cafes/ diners,owner financing available,bar/tavern/night clubs
Owner Financing
Bar & Restaurant for Sale in New York
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This business has received 276 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $350,000 Lease Remaining Register Free to View
Owner’s Cash Flow $65,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and balance of $50,000 for 5 years @ 7%

Business Description

Free standing bar, restaurant, and tavern with party room now available in Suffolk County, New York! Established for the last 40 years, this business offers 1,500 sq ft with an additional party room. The business has been fully updated with restrooms and a separate entrance. There is a total of 4 restrooms plus a 5th private office, including a shower in the full bathroom. Seller is ready to retire and has stopped using the kitchen. All permits are in place including beer, wine, and cider. This bar is problem free and presently has a mixed aged clientele. Rent is $4,000/month plus $1,000 in taxes, equalling to $5,000/month. This business comes with a very attractive lease terms as the seller will become the landlord. The bar offers some entertainment. This is a fantastic business with a clean slate, ready for a new owner to truly make it their own. This will not last, don't delay! To learn more, contact the broker Jim Aloi at 631-375-4100.

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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.