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Bar Restaurant With Owner Financing
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $675000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1970
Number of Employees 6 - 9
Inventory $125,000 equipment & $1,500 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training The seller will supply a training period and remain post closing for 30 days.
Reason for Sale Owner is semi absentee with a full time job, cannot devote the time.
Description Sports Pub Restaurant with entertainment approval for live music and located in a Southern NY and in active community area of Rockland County. The facility consists of 2,900 square feet with a huge bar area and seating for 140 customers. The business has a $13,000 weekly average income and a substantial yearly net income. Sixty five percent of the income represents liquor sales which represents a substantial mark up- profit for owner. The sale includes a long term lease with an option to purchase the real estate, or if desired a package sale can be obtained. This Pub is known for its wonderful atmosphere, good dependable food & drink, numerous flat screens TV s and quality service. The business is fully equipped as a restaurant-lounge, with a full kitchen, Walk in refrigeration, full bar, display counter, POS computer system, phone system, etc. The building has a legal capacity for 135 customers, one main floor with a full basement. The business is operational seven Days weekly with hours from 4:00 pm to 4:00 pm. The sale includes a Consumption Liquor license, live entertainment approval and a CO to operator the business at this location. The seller will supply a fifteen year lease term with a $3,500 gross monthly rent. The employees are unaware of the pending sale all viewings by appointment only. Based on the asking price, required down payment of $100,000 and net income, this business will supply an 80% return to the owner operator prior to debt service. This is a solid opportunity with dependable income and the ability for further improvement by on site ownership.
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