5,000 sq. ft. Stand Alone Bar Restaurant w/ Prop.-26553

Suffolk County, NY

Seller Financing Available
5,000 sq. ft. Stand Alone Bar Restaurant w/ Prop.-26553

Asking Price:$165,000

Cash Flow:$75,610

Gross Revenue:$1,031,835





*not included in asking price.

5,000 sq. ft. Stand Alone Bar Restaurant w/ Prop.-26553

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Business Description

5,000 sq. ft. Stand Alone Bar Restaurant w/ Prop.-26553

**RARE OPPORTUNITY*** 5,000 sq. ft. Stand Alone Bar Restaurant w/ Property. This business is located at a very high traffic intersection North of the LIE. It has occupancy for over 187 people, with a FULL KITCHEN AND FULL LIQUOR LICENSE. The bar alone is 33 ft. long and can seat 30 people. There is a separate party room for up to 30 people as well. In the past year the business grossed approx. $1,184,000.00 with a net income of approx. $75,610.00. The property is just over 1 acre with parking for 72 vehicles. It is for sale through PMTG Realty for $1,350,000.00. YOU DO NOT HAVE TO BUY THE PROPERTY! THE LANDLORD WILL OFFER A LONG TERM LEASE OF 10-15 YEARS WITH NO INCREASES FOR THE LIFE OF THE LEASE FOR A BUYER WITH A GOOD CREDIT. It will be a triple-net lease at $10,600/mth. (incl. taxes and insurance) with an option to buy the property or the first right of refusal. The landlord is flexible as long as the buyer can show good credit and bar/restaurant experience. The area shows great upside with a major residential construction ongoing. The current family has owned an operated this business for the past 15 years. This is ideal for a serious restaurateur. The decor and concept can be kept the same or updated. You can completely over-haul the place, depending on your vision. Great for Italian Restaurant, Steak House, Chinese, Mexican, Ale House or Bar/Nightclub. We are seeking a serious and qualified buyer with at least $165K in liquid funds to cover the asking price, rent security and working capital. If you fit the criteria, call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. MUST SEE! WON'T LAST!

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
165,000.00 Down & Property available for $1,350,000 through PMTG Realty.
Support & Training:
The seller will provide training for the new owner.
Reason for Selling:
Seller is moving out of state.

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Vested Business Brokers, Ltd

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