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Bar & Restaurant on Corner with Parking - 23489

Nassau County, NY

Seller Financing Available
Bar & Restaurant on Corner with Parking - 23489

Asking Price: $249,000

Gross Income: $407,374

Cash Flow: $161,041

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1983

Employees: 17

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Business Description

High End Classic Bar-23489

Bar & Restaurant on Corner with Parking. This theme bar and restaurant offers 1500 sq. ft. of space, plus a full 1,000 sq. ft. basement and fully equipped kitchen. The location is currently open 7 days from 2:30pm - 4am with an occupancy of just under 100 patrons. They have a unbeatable corner location with street and municipal parking for well over 100 cars. The train is just walking distance away. The lease has 16 years remaining with only 3% annual increases. Rent is $4,000/mth. (incl. taxes and maintenance). The business has been here for over 30 yrs. In the past year, the business grossed approx. $442,000.00 with a Net Income of approx. $161,041.00. The owner is selling as he is opening up another restaurant. We are looking for a serious and experienced buyer with at least $250K in liquid capital to cover the down payment, deposits, working capital, inventory, etc. The seller will entertain a partnership as well. Proof of Liquid Funds will be requested! If you meet this criterion, please call 1-877-735-5224 or refer to the Confidentiality Agreement below for more information.

Attached Documents


Detailed Information

Financing:
0.00 Down & Negotiable Terms for a Qualified Buyer
Support & Training:
Seller provide training for the new owner.
Reason for Selling:
Owner is looking to retire.

Listing Status for Premium Members

Ad#: 765356

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Nathan F. Goldstein

Business Listed By:
Nathan F. Goldstein

Vested Business Brokers, Ltd

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