Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price	$325,000	Inventory	$6,000**
Gross Income	$623,000	Real Estate
Cash Flow	$92,000	Year Established	1985
FF&E	$195,000*	Employees	15

* included in the asking price

** not included in the asking price

A Sports Bar & Lounge with live entertainment located on a main avenue and prime area of Staten Island, New York. The location offers Sports viewing, Live music and great food and drinks with excellent service. The facility includes 12 flat screen TVs and also offers Darts and a Billiard parlor on the second floor. The business often has theme nights and local entertainers as well as daily specials, which attracts plenty of repeat customers. The business enjoys a wonderful reputation for great entertainment in a cozy atmosphere. The business produces annual sales of approximately $623,000 with a substantial net profit of $92,000 plus undisclosed cash income. The current owner now wishes to relocate out of the area and will consider financing to a qualified purchaser. This is a super opportunity with seller financing!

Facilities: Bar facility consists of 2,500 square feet with a large lounge area, a full kitchen and a seating area on the main floor. An existing lease is available for transfer with 2 addiitonal 5 year options. A liquor license, entertainment approval and ample parking are included in the sale. Monthly rent plus taxes is $5,000.

Competition: Limited competition is located in this particular area of Staten Island, New York.

Growth/Expansion: With onsite ownership and an improved marketing plan this business can be further developed.

Seller Financing Available: Yes

Support/Training: Seller will provide a complete review period. Sale is subject to the successful transfer and approval of the liquor license.

Reason Selling: Relocating to Florida and out of the food industry.