Bar Grill Wings in Suffolk County, NY - 30322

Not Disclosed, NY
Suffolk County

Asking Price: Annual Revenue:
$319,000 $1,174,194

Food & Beverage: Bars, Clubs, Nightspots

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RE: Bar Grill Wings in Suffolk County, NY - 30322 Broker: Mel Vaz
Owner Financing is Available!
$175,000.00 Down & $144,000 over 8 years @ 6%.

Quick Facts

Asking Price: $319,000
Annual Revenue: $1,174,194
Net Profit: Not Disclosed
Cash Flow: $117,590
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 24
BBN Listing #: 34194447
Broker Reference #: 30322

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Business Overview:

The current owner put a different spin on a bar and grill, and it is working. Located in a densely-populated and affluent area of North Shore Suffolk County, this business offers 2,400 square feet and over 40 parking spaces. They have 30 flat screen TVs to catch every sporting event, and a full-sized bar. There are 10 years (5 5) left on the current lease, at a rent of $10,395 (which includes taxes, garbage, cesspool and grease trap maintenance fees, water, landscaping, snow removal, fire alarm, outside lighting and sprinklers). In the past year, the business grossed approximately $1,274,000 (30% bar, 70% food), with a net cash flow of approximately $177,590. There is upside in bringing down the current food cost of 45%, adding delivery and pushing take-out (currently only 2% of sales). They have no advertising budget. We are seeking a serious and financially-qualified buyer with at least $175,000 in liquid funds for the downpayment, and $15,000 for the rent security. To learn more, please contact Mel Vaz today or email us. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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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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