Great Bar & Grill w/ bsmt *Price Reduced* - 29735

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$99,000 $269,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Great Bar & Grill w/ bsmt *Price Reduced* - 29735 Broker: Melvin Vaz

Quick Facts

Asking Price: $99,000
Annual Revenue: $269,000
Net Profit: Not Disclosed
Cash Flow: $54,360
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 20004447
Broker Reference #: 29735

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Business Overview:

Great Bar & Grill with basement. *Price Reduced* The owner spent considerable time and money designing this location with great attention to detail. You will see this upon entering. It is a great local restaurant offering burgers, fries, beer/wine, a friendly atmosphere and great customer service. It has all that a restaurateur would look for, low rent ($3,363/month), 1,200 square feet, plus a 150 square feet yard a large kitchen with full grill and hood and a finished prep basement of 600 square feet. You can come in today and operate without having to spend a penny on upgrades/repairs. The menu can be expanded to add daytime service, weekend brunch, etc. They are currently open 7 days from 4pm - 1am (until 2am on Friday). There 5 years remaining on the lease with 4% annual increases. The business currently operated on an absentee basis as the owner has moved out of the country. In the past year the business grossed approximately $299,000.00 and it continues to grow. The net cash flow was approximately $54,000 - RUN ABSENTEE! This location needs an owner/operator to really grow. The current payroll is approximately 30% of gross sales. We are seeking a serious and financially qualified buyer with at least $75,000 in liquid funds to cover the downpayment and inventory. To learn more, please contact Mel Vaz. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Owner has moved out of the country.

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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