Bar & Restaurant On Corner With Parking - 23489

Nassau County, NY
Nassau County


Asking Price: Annual Revenue:
$249,000 $407,374

Food & Beverage: Bars, Clubs, Nightspots


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RE: Bar & Restaurant On Corner With Parking - 23489 Broker: Mel Vaz
Owner Financing is Available!
$0 Down & Negotiable Terms for a Qualified Buyer.

Quick Facts

Asking Price: $249,000
Annual Revenue: $407,374
Net Profit: Not Disclosed
Cash Flow: $161,041
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1983
Employees: 17
BBN Listing #: 50644447
Broker Reference #: 23489

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Business Overview:

Bar & Restaurant on Corner with Parking. This theme bar and restaurant offers 1500 square feet. of space, plus a full 1,000 square feet. basement and fully equipped kitchen. The location is currently open 7 days from 2:30pm - 4am with an occupancy of just under 100 patrons. They have a unbeatable corner location with street and municipal parking for well over 100 cars. The train is just walking distance away. The lease has 16 years remaining with only 3% annual increases. Rent is $4,000 per month (including taxes and maintenance). The business has been here for over 30 years. In the past year, the business grossed approx. $4,42,000 with a Net Income of approximately $1,61,041. The owner is selling as he is opening up another restaurant. We are looking for a serious and experienced buyer with at least $250,000 in liquid capital to cover the down payment, deposits, working capital, inventory, etc. The seller will entertain a partnership as well.

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Reason for Selling:

Personal.

Additional Details:

  • The property is owned.
  • The owner is 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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