Bar & Grill for Sale in Suffolk County, NY - 30322 Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $299,000 | Down Payment | $175,000 |
| 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
$175,000 Down and $124K over 8 yrs. @ 6%.
Business Description
Bar Grill Wings in Affluent Area. *PRICE REDUCED* 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 10 years (5 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 $175K in liquid funds for the downpayment, and $15K for the rent security. To learn more, please call 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.
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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.
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