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Business for Sale Summary

Sports Bar & Grill Near Major NYC University - 28197

Business Type: entertainment,other eating & drinking places,restaurant/ cafes,best deals!,new to market,seller financing available,bar/tavern/night clubs
Sports Bar & Grill Near Major NYC University
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This business has received 195 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $275,000
Gross Revenues $1,000,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$275,000 Down and The seller will finance $75K at 6% over 24 months

Business Description

Price Just Reduced! Must Sell! One of the founding partners passed away and the other two need to sell, as they each have full-time careers away from this Successful Sports Bar & Grill. Right across the street from a major NYC university and its dormitories, it packs them in almost every night (and into the early morning hours) during the school year. It's open 11am - 2am Sunday-Thursday and 11am - 4am Friday and Saturday. There are 16 years left on the lease, which the landlord will round up to 20. All sales are recorded on a POS system. 70% of them are on credit cards, the rest in cash. A separate entertainment room accommodates special events and the overflow of customers during football season from the main bar & grill room. Sixteen beers on tap and ten by the bottle. The food menu was just upgraded under a new chef. There's very little competition in the immediate neighborhood. You would be well-advised to turn the back room into a popular neighborhood live music venue. Please be very discreet when visiting, as the employees and customers do not know the business is for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the sellers and get a full tour of the facilities. Please call 1-877-735-5224 for further information.

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.

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.