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Business for Sale Summary

Great Bar & Grille in Albany County, NY - 33004

Business Type: entertainment,misc. retail/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
Great Bar & Grille in Albany County, NY
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This business has received 18 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $190,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View

Financing

$190,000 Down and $85K over 3 yrs. @ 6%

Business Description

Great Bar & Grille. The current owner has spent the past 8 years building a loyal following and great reputation. It is time for a new buyer to take over and build on this. The business has a great location with ample parking. It is a spacious 2,400 sf. and can handle up to 150 patrons. There are 9 years left on the current lease with a rent of only $3,150/mth (including taxes). They have a full liquor license and full kitchen with hood system. In the past year the business grossed approx. $500,000.00 with an owner's cash flow of approx. $140,000.00. You can keep the current concept or expand the offerings and menu. We are seeking a serious and financially qualified buyer with at least $190K in liquid funds to cover down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.