Bar/Pub Nassau County, NY - 29207

Not Disclosed, NY
Nassau County

Asking Price: Annual Revenue:
$295,000 $1,240,323

Food & Beverage: Bars, Clubs, Nightspots

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RE: Bar/Pub Nassau County, NY - 29207 Broker: Mel Vaz
Owner Financing is Available!
$195,000.00 Down & $100,000 over 4 years @ 6.5%

Quick Facts

Asking Price: $295,000
Annual Revenue: $1,240,323
Net Profit: Not Disclosed
Cash Flow: $189,489
Total Debt: Not Disclosed
FF&E: $500,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 14
BBN Listing #: 65884447
Broker Reference #: 29207

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Business Overview:

Fantastic stand alone bar/pub. *PRICE REDUCTION* This is a 4,000 square feet bar and pub, with a full kitchen and outdoor patio. The current owner has been here for 11 years. He fully refurbished the location. This spot is in excellent condition, with 50 TVs, pool room with two pool tables, lounge area, and state-of-the-art sound system with DJ equipment. The POS system tracks everything. In the past year, the business grossed approximately $1,350,000.00, with a net cash flow of approximately $189,489.00 for a very part-time owner. There are 6.5 years left on the current lease, and the landlord will add at least another 5 years for a qualified tenant. Current rent is $11,000/month (including taxes, CAM, etc.). It is a triple-net lease, as it is a stand-alone building with its own parking in front and back for at least 20 cars. There is also a lot for over 50 cars across the street, which can be used in the evening. This truly is one of the best bar/pub deals I have seen in years. We are seeking a serious and financially qualified buyer with at least $214,000 in liquid funds to cover the downpayment and $24,000 rent security. If you meet the criteria, please contact Mel Vaz or email us.

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Reason for Selling:

Cashing out for another opportunity.

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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