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Caribbean Restaurant in Bronx County, NY Bronx County, NY |
Listing #31340 |
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Financial Information (non-confidential) |
Asking Price |
$350,000.00 |
Gross Revenues |
$804,456.62 |
Down Payment |
$250,000.00 |
Owner’s Cash Flow |
$120,668.00 |
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Financing: $250,000.00 Down and 100K at 7% for 36 months
Reason for Selling:Owner has other businesses he wants to focus on
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.
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Melvin L. Vaz Senior Business Broker
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Servicing Area:
All of NY All of NJ All of CT All of MA
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |