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BUSINESSES FOR SALE


If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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

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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