Bar Restaurant And Lounge Opportunity
Location New York,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2011
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale Personal
Description Bar, Restaurant and Lounge Opportunity in very affluent South Shore, Nassau County town. Very high end finishes. It must be seen to be appreciated. Just take a look at the pictures. This owner's loss is your gain. Shortly after opening a few months ago, he and his partner had a major disagreement and the working partner was fired. This has created a serious problem for the remaining partner. That is why he is selling. The current owner spared no expense in renovating this location. He spent nearly $200K and renovated everything from floor to ceiling, including a new bar, flat screen tv's, sound system and more. It is 1,100 sq. ft. and ideal for a first time buyer looking to own their first place. The location can hold up to 65 patrons. There is a full basement with plenty of storage. There is street parking in the front and one large municipal lot across the street and another in the back holding well over 100 cars. The business has a 9.5 years left on the lease. Rent is only $3,200/mth (incl. all taxes and maintenance). Insurance is $3,000/yr. Utilities are $18,000/yr. Phone is $480/yr. Garbage is $2,600/yr. Linen Service is another $1,040/yr. (There is also a washer and dryer in the basement). Those are your main expenses. Sales have been growing week to week, but the business needs an owner/operator who can be there full time. We are looking for a buyer with some restaurant, bar or nightclub experience and at least $100k - $150K in liquid capital to cover the downpayment, deposits, working capital, etc. This location is priced to sell and will not last. Please, serious inquiries only. Call or email Mel Vaz today to learn more about this Bar Restaurant and Lounge for sale at 631-909-1095
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