Business Overview:
Quaint bar and casual restaurant in a wonderful area of Rockland County New York and priced for a rapid sale. The business has existed for many years and the owner is now retiring after much success. Training and owner financing is available and priced for a quick sale. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The business has been valued / priced at $89,900 which is based on the seller’s representation of a multiple of the net yearly income which includes the business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
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Property Features and Assets:
The business is located on a commercial avenue with various other active retail businesses. This opportunity is in southern New York, Rockland County, which consists of various highly populated communities with continued demand for this type of food service. This is a long-standing business, the facility which consist of approximately 1,500 square feet and has an old-style appearance.
Market Competition and Expansion:
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Owner Retiring.
Additional Details:
- The property is leased.
- 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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