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Business for Sale Summary

Hip Restaurant with Full Bar & Outdoor Seating - 32679

Business Type: bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes/ diners
Hip Restaurant with Full Bar & Outdoor Seating
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This business has received 125 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $225,000
Gross Revenues $989,991 Lease Remaining Register Free to View
Owner’s Cash Flow $182,833 Number of FT Employees Register Free to View

Financing

$225,000 Down and Please make your best all down offer!

Business Description

Throughout the Covid-19 pandemic, this Hip Restaurant with a Full Bar and Outdoor Seating has continued to serve its loyal customers on a take-out only basis. It can now be purchased at a great value to its verifiable pre-pandemic cash flow, asking less than 1.25 times what can be proven on tax returns. The business also has a lot of upside, should you decide to make delivery service available, which the current owners chose not to do. In this day and age, internet delivery orders can account for a meaningful amount of a restaurant's revenues. As it is, food and alcohol that had been served on premises equally contributed to the top line. Everyone and everything is on the books here. You will find outdoor seating for 18, indoor seating for 22, plus another 10 at the bar. The basement is the same square footage as the restaurant and includes two freezers, two refrigerators, and plenty of dry storage space. The landlord stands ready to provide a brand new 10 year lease to a qualified tenant. Please do not say anything to the employees or customers when visiting the location, as they 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 to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached by email at jaygoldman@vestedbb.com. Please go to www.vestedbb.com to become a premium member under listing 32679 to get its name & address.

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.