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Business for Sale Summary

Caribbean Restaurant in Bronx County, NY - 31340

Business Type: restaurant/ cafes/ diners,bar/tavern/night clubs
Caribbean Restaurant in Bronx County, NY
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $250,000
Gross Revenues $804,457 Lease Remaining Register Free to View
Owner’s Cash Flow $120,668 Number of FT Employees Register Free to View

Financing

$250,000 Down and 100K at 7% for 36 months

Business Description

Full liquor license. Currently open 7 days per week. Monday - Thursday 11 am to 9 pm, Friday and Sat 10 am to 1 am (take out after 10pm). Pre-covid they were open till 4am because of the bar. There is also a full basement with prep stations for baking. All baking mixers are in basement for baking bread and pastries. The basement is the the same size of the entire first floor, has a walk in cooler and freezers. Also there is an office space and extra private bath for owner. There is also a newly built outdoor seating area to address Covid concerns with over 50 seats. The landlords legal department had to update lease to include this new area. As Easy as taking down the sign, changing the name and turning the key! This Bronx County Bar and Lounge is searching for a new dedicated owner.Located in a vast demographic community this Restaurant currently serving Jamaican, Trinidadian, Guyanese, African, Mexican, and Dominican food with a flair. Bar is only open Thursday to Sunday. Opening the bar for more nights and adding outdoor seating will increase the profits of this restaurant . Current owner is to busy with other businesses please contact the broker at (877) 735-5224 for more information.

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.