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Business for Sale Summary

Established Bar Pub in Suffolk County NY - 30771

Business Type: other eating & drinking places,other food stores,restaurant/ cafes,bar/tavern/night clubs
Owner Financing
Established Bar Pub in Suffolk County NY
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Financial Information (non-confidential)

General Information
Asking Price $140,500 Down Payment $110,000
Gross Revenues $650,000 Lease Remaining Register Free to View
Owner’s Cash Flow $105,000 Number of FT Employees Register Free to View

Financing

$110,000 Down and $30,500.00 at 5% over 60 months

Business Description

The location of this bar pub is on one of the busiest roads on Long Island. The bar is 3,500 Sq. Ft. with another connecting 1,000 Sq. FT building, for parties and catering. Both have private patios. The bar has 22 taps and 3 walk-ins, full kitchen, 11 TVs and 2 55 inch TVs in the party room. This bar comes with an incredible camera system, with 32 cameras. The bar also has a brand new heating system and POS system. The bars monthly rent is only $7,850 which includes building insurance and has a great lease for 10 years plus 5-year option. The gross revenue is $650,000 annual plus income from OTB, Lotto, and games. After all, expenses are paid, the net cash flow is $105,000 per year plus income from OTB, Lotto, and games. Seller is selling due to health reasons. This is truly a great opportunity for a new owner. Please contact the broker 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. PM

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.