Bar & Grill in Nassau County, NY 30466

Not Disclosed, NY
Nassau County


Asking Price: Annual Revenue:
$249,000 $416,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Bar & Grill in Nassau County, NY 30466 Broker: Mel Vaz
Owner Financing is Available!
$175,000.00 Down & $74,000 over 3 years @ 6%.

Quick Facts

Asking Price: $249,000
Annual Revenue: $416,000
Net Profit: Not Disclosed
Cash Flow: $104,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 20034447
Broker Reference #: 30466

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Business Overview:

Bar and grill for sale in prime location. First off, the location is a prime corner in the heart of Nassau County. It is a bar with a full liquor license and grill, with full restaurant kitchen. They offer bar seating, as well as booths for dining. In the past year, the business grossed approx. $416,000 in gross bar/grill sales (plus Quick Draw and OTB),generating a net cash flow of approximately $104,000.00. They are currently open seven days, from 11am-4am for lunch and dinner. The location is fully-staffed with two Full Time and one Part Time in the kitchen, and four Part Time wait staff and bar staff. There are 11 years left on the current lease (6 5) at a rent of $5,300/month (including CAM and taxes). The main floor is 1,200 square feet, and there is a full 1,200 square feet basement with a prep area, walk-in and storage. There has been tremendous new residential apartment construction in the area. The owner has been forced to sell due to a health condition. We are seeking a serious and financially-qualified buyer with at least $185,000 in liquid funds to cover the downpayment and approximately $10,000 in rent security. To learn more, please contact Mel Vaz today. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION. kg

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Reason for Selling:

Other

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.

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