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Business For Sale

Well Established Bar and Grill For Sale

Suffolk County, NY, USA

Food & Beverage: Restaurants, Fast Food, Deli

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$225,000
$349,000
Not Disclosed
$100,426
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1980
6
3024447
Owner Financing is Available
$40,000 over 2 years at 8%.

Business for Sale Overview:

Well Established Bar with Grill located in a very affluent area. The same owner has operated this bar for 29 years. He is selling as he is due to retire. He is at the bar strictly in a management capacity. This is a stand alone building with parking in the front and back, approximately 50 parking spaces, plus overflow parking. It is on a very busy road, right off of Sunrise Highway. This bar serves an eclectic mix of young and old, from college students to seniors. Everyone gets along very well and there are rarely any incidents. They offer a large Plasma TV, pool table, and OTB. They also have a grill and 2 deep fryers. There is indoor and outdoor seating for 58 and 44 respectively. The location could be used for special events and small concerts have been held in the parking lot. Sales consist of 10% Food, 40% Beer and 50% Liquor. In the past 12 months this location has Grossed approximately $349,000 with a Net Income of approximately $100,000. The seller also owns the building with 1,350 square feet indoors and a 700 square feet patio. He is willing to offer a 10 year lease (5 and 5) to a qualified buyer.

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 owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

Resources:

 

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