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Business for Sale Summary

Unique Concept Bar and Rest. - *PRICE REDUCED* - 30524

Business Type: other eating & drinking places,other food stores,restaurant/ cafes,must sell/drastic price reduction!,new to market,seller financing available,bar/tavern/night clubs
Unique Concept Bar and Rest. -  *PRICE REDUCED*
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This business has received 144 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $150,000
Gross Revenues $1,490,519 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and $100K over 3 yrs. @ 5%

Business Description

Unique concept bar and restaurant for sale- indoor and outdoor. *PRICE REDUCED* This business must be visited to be appreciated. It is located in a great Queens, NY neighborhood, and offers 2,100 sq. ft. of space, with 75 seats indoors and 95 seats outdoors. It is great for parties and large groups. In the past year, the business grossed approx. $1,490,000.00, with a cash flow of approx. $300,000.00. There are 12 years remaining on the current lease, at a rent of $4,774/month. The business is fully-staffed with 2 full-time and 20 part-time employees. They offer a full restaurant kitchen, bar and state-of-the-art POS system. We are seeking a serious and financially-qualified buyer with at least $165K in liquid funds to cover the downpayment and three months of rent security. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.