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Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Well Established Bar And Grill

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $349000
Net Profit / Cash Flow  $100426
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Reason for Sale  Owner is retiring.
Description  Well Established Bar with Grill for sale is located in a very affluent area. The same owner has operated this bar for 29 years. He is selling as he is due to retire. He is at the bar strictly in a management capacity. This is a stand alone building with parking in the front and back, approx. 50 parking spaces, plus overflow parking. It is on a very busy road, right off of Sunrise Highway. This bar serves an eclectic mix of young and old, from college students to seniors. Everyone gets along very well and there are rarely any incidents. They offer a large Plasma TV, pool table, and OTB. They also have a grill and 2 deep fryers. There is indoor and outdoor seating for 58 and 44 respectively. The location could be used for special events and small concerts have been held in the parking lot. Sales consist of 10% Food, 40% Beer and 50% Liquor. In the past 12 months this location has Grossed approx. $349,000 with a Net Income of approx. $100,000. The seller also owns the building with 1350 sq. ft. indoors and a 700 sq. ft. patio. He is willing to offer a 10 year lease (5 and 5) to a qualified buyer. Call or email Mel Vaz today for an appointment to visit at 631-909-1095.
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