Bar/Pub 4,000 sq. ft.- Nassau County, NY - 29207 Business Type: restaurant/ cafes/ diners,owner financing available,bar/tavern/night clubs
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $295,000 | Down Payment | $195,000 |
| Gross Revenues | $1,240,323 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $189,489 | Number of FT Employees | Register Free to View |
Financing
$195,000 Down and $100K over 4yrs. @ 6.5%
Business Description
Fantastic stand alone bar/pub. **PRICE REDUCTION**
This is a 4,000 sq. ft. bar and pub, with a full kitchen and outdoor patio. The current owner has been here for 11 years.
He fully refurbished the location. This spot is in excellent condition, with 50 TVs, pool room with two pool tables, lounge area, and state-of-the-art sound
system with DJ equipment. The POS system tracks everything. In the past year, the business grossed approx. $1,350,000.00, with a net cash flow of
approx. $189,489.00 for a very part-time owner. There are 6.5 years left on the current lease, and the landlord will add at least another 5 years for a
qualified tenant. Current rent is $11,000/month (including taxes, CAM, etc.).
It is a triple-net lease, as it is a stand-alone building with its own parking in front and back for at least 20 cars.
There is also a lot for over 50 cars across the street, which can be used in the evening.
This truly is one of the best bar/pub deals I have seen in years. We are seeking a serious and financially qualified buyer with at least $214K in liquid
funds to cover the downpayment and $24K rent security.
If you meet the criteria, please call Mel Vaz at 1-877-735-5224.
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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