1. Home
  2. Businesses for Sale
  3. New York
  4. Bar/tavern/night Clubs

Business for Sale Summary

Great Local Bar - 29582

Business Type: best deals!,new to market,seller financing available,bar/tavern/night clubs
Great Local Bar
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 68 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $170,000 Down Payment $100,000
Gross Revenues $322,550 Lease Remaining Register Free to View
Owner’s Cash Flow $120,957 Number of FT Employees Register Free to View

Financing

$100,000 Down and $70K over 3 yrs. @ 6%

Business Description

Great local bar in busy shopping center. This local bar offers 2250 sq. ft., and space to add a kitchen. They currently have a convection oven, microwave and grease-less fryer. No hood. The location is currently open seven days, from 12pm to 4am. They have a legal occupancy of 75, but have had events with over 300 patrons. They have a parking lot in front and back of the building, with over 200 spaces. The lease has eight years remaining, with only 3% annual increases, at a rent of $5,995/month (including taxes and maintenance). The business has been here for over 50 years. In the past year, the business grossed approx. $350,000.00, with a net income of approx. $120,000.00. Overhead is very low, with two bartenders working on shift pay. No public assembly permit needed. The owner is selling, as he owns a few other locations and does have enough time to run this location. We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the downpayment and rent security. If you meet this criteria, please call 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. kg

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.