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This Business has been Sold!
Closing Date: 02/13/2020
Business for Sale Summary

Fantastic Bar Steakhouse - 5767

Business Type: bar/tavern/night clubs,restaurant/ cafes/ diners
Fantastic Bar Steakhouse
On February 13th 2020, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: All of NY
All of NJ
All of CT
All of MA
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.

Financial Information (non-confidential)

General Information
Asking Price $340,000 Down Payment $150,000
Gross Revenues $767,000 Lease Remaining Register Free to View
Owner’s Cash Flow $177,650 Number of FT Employees Register Free to View


$150,000 Down and $190,000.00 @ 8% over 84 months

Business Description

Fantastic bar/steakhouse located in a high traffic area of Suffolk County's North Shore. If you are looking for an established bar/restaurant with a loyal following, this is the place for you. The Sellers are asking less than half of the asking price as a downpayment and they are even willing to offer an unheard of 7 year note. What better vote of owner confidence in the sustainability of a business can you find? For over 20 years this establishment had been providing a friendly, welcoming atmosphere for a drink, a bite to eat, or a gathering place for friends. With a DJ 3 night's a week, this business also offers a bit of excitement for your evening as well. This is truly a rare find. Call today for an appointment!

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.