Price Reduced Bar Restaurant Catering Hall 30121

Nassau County, NY

Price Reduced Bar Restaurant Catering Hall 30121
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Asking Price: $199,000

Cash Flow: $144,220

Gross Revenue: $320,210

EBITDA: N/A

FF&E: $75,000

Inventory: $5,000*

Established: 2005

*not included in asking price.

Price Reduced Bar Restaurant Catering Hall 30121

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Business Description

Great Spanish Restaurant!

Restaurant with 3,000 SF Catering Hall. *PRICE REDUCED* This is a very unique space. It is located in a very high traffic area, just steps from the train station.
This is a 1,500 sq.ft. restaurant, specializing in South American cuisine in a quick-serve setting. They offer a full kitchen with ansul system, as well as steam tables.
They also have a beer and wine license, and do tremendous beer sales at the bar. The space offers seating for approx. 25.
In the past year, gross sales were approx. $238,847.00, with a net cash flow of approx. $82,823.00.
The margins are very high due to the approx. 58% beer sales at the bar. There are 10 years remaining on the lease, at a rent of only
$3,350/month. THERE IS A BONUS SPACE NEXT DOOR. THE OWNER HAS COMPLETED THE CONSTRUCTION OF A 3,000 SF CATERING HALL. Rent for this space is only $2,000/month. She has decided to move out of state, and has not yet opened the space
next door. A new owner only has to furnish the space, and they can open for business.
We are seeking a serious and financially-qualified buyer with at least $199K in liquid funds. The ability to speak fluent Spanish would
be ideal. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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

Location:
Nassau County, NY
Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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