2200 sq. ft. Bar w/ Kitchen and Patio - 28722

Nassau, NY (Rensselaer County)

Seller Financing Available
2200 sq. ft. Bar w/ Kitchen and Patio  - 28722

Asking Price:$149,000

Cash Flow:$9,500

Gross Revenue:$270,000





*not included in asking price.

2200 sq. ft. Bar w/ Kitchen and Patio - 28722

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Business Description

Great Local Bar w/ Kitchen and Patio. This local bar and restaurant offers 2200 sq. ft. of space (plus a fully permitted outdoor patio that can handle an additional 40-50 patrons), and a fully equipped kitchen. Under the current owner, the kitchen is rarely ever used. The location is currently open 7 days from 12noon - 4am. They have a legal occupancy of 75, but have had events with over 300 patrons. They have a parking lot in front of the building. The lease has 10 years remaining with only 3% annual increases. Rent is $5,495/mth. (incl. taxes and maintenance). The business has been here for over 50 yrs. In the past year, the business grossed approx. $287,000.00 with a Net Income of approx. $97,000.00. 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 or email Mel Vaz at 631-909-1095 or melvaz@vestedbb.com 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. .

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
90,000.00 Down & $59K over 2 yrs. @ 5%
Support & Training:
Seller will train
Reason for Selling:
Other interests

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Vested Business Brokers, Ltd

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Vested Business Brokers, Ltd

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