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

EBITDA:N/A

FF&E:$100,000

Inventory:$7,000*

Established:1967

*not included in asking price.

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

Get Financing Save Print Share Valuation Report

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

Inventory:
Not included in asking price
Employees:
2T/3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
90,000.00 Down & $59K over 2 yrs. @ 5%
Support & Training:
Seller will train
Reason for Selling:
Other interests

Listing Statistics for Premium Members

Ad#:1302455 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


Bennigan's Grill & Tavern

Franchise Opportunity
Capital Required: $1,200,000