Business for Sale Overview:
Location, Location, Location. This Bar/Lounge/Café is located perfectly in the middle of a one of the busiest towns in Eastern Long Island. It is in mint condition and all equipment is only 3 years old. The owner just spent about $45,000 in the last year remodeling. They offer food, liquor and live music. Currently only open Thursday – Sunday and does approximately $280,000-$300,000 in annual revenues. Owner's other business interests force a quick sale and creates this excellent opportunity for the right person. Instead of asking for a realistic higher price for the lounge the owner is pricing the business for a quick sale, selling the business as is based on location, 13 year lease, all equipment and everything in the lounge (no due diligence). It would take approximately $250,000 to set it up new. Asking only $179,000 No Terms. If you’re looking for a Lounge/Bar/Café priced right, in mint condition, in a AAA location then this is a definite must see.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
owner is retiring
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.