Pub & Property in Rensselaer County, NY - 32874

Financing

$135,000 Down and Property available for an additional $396K. Business and Property MUST be purchased together.

Business Description

Pub w/ 3 Bedroom Apt. Above. Fantastic Deal. Located in college town, this is an ideal opportunity to buy a 2 story building with a pub on the first floor, featuring approx. 2,000 sf. ft. of space with a full bar and a full kitchen. Above is an 1,100 sq. ft., 3 bedroom apartment that is currently used as an office. There are so many options. You can keep the pub "as is" and live upstairs. You can convert the entire building into apartments to serve the students and/or faculty in the area. You can simply buy it all and lease out the bar and apartment. You can even sub-divide the 3 bedroom apartment into multiple apartments to really maximize income. In the past year the business grossed approx. $480,000.00 and is profitable. However, the owner is not selling the business based on financials. This is an asset and real estate sale. You are buying the name, goodwill, all FF&E and the building for a total of $531K ($135 for the business and $396K for the building through PMTG Realty.). Property taxes were $12,000 last year. This deal may qualify for SBA lending based on the real estate value with a buyer putting down up to 30%. We are seeking a serious and financially qualified buyer with at least $160K in liquid funds to cover the 30% down payment required by the bank. 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!

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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.