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Upscale American Bar & Grill
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $1200000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 20 - 34
Inventory $250000
Relocatable No
Number of Employees 20 - 34
Real Estate Leased
Training Yes, I live very close and will do everything I can to help the new owner be successful.
Reason for Sale Other obligations that need to be attended to. Spread too thin!
Description REAL Turn-Key Bar & Grill for sale. Beautiful decor, and equipment is in perfect working order. Everything is Mint Condition. Over 1.5 million put into the build-out of this restaurant. I'm asking $399,000 but I'm definitely negotiable depending on the structure of the deal bc I must sell ASAP.
3500 sq. feet with a full 3500 sq. foot wet Dept. of Health approved basement!
18 yrs. left on the lease - 8 yrs. with two 5 yr. options. Also included in the lease is the right of first refusal to purchase the property. The landlord has also stated that he would be willing to selling the bldg. if he gets a good offer.
Rent is $9000 per month & annual increase is 3%. Everything is included in the rent.
Appx. 125+ seats. Additional 25-30 seats in the bar area + 15 stools at the bar.
Private party room holds up to 75 people. There is a beautiful outdoor patio.
Bar has 12 HD flat screen TVs, main dining room has 4 TVs (one in each corner), & private party room has one big flat screen often used for presentations & slide shows.
Parties are extremely easy to book bc restaurant is is centrally located. Right off Meadowbrook, LIE, Grand Central, etc... Most attorney offices in this zip code in the US, courthouses right there, Winthrop hospital very close as well.
No garbage removal as the Village takes your garbage for free Monday - Friday. $500 month savings.
Sewers, not cesspool so no cesspool fees. another $500 month savings.
Selling at an extremely reasonable price. Over 1.5 million put into building the place. Asking 399,000 & depending on deal structure I can be negotiable. This is a true Turn-Key operation. Asking price is a steal as the potential of this location is unlimited. When you see the place you will understand and it isn't going to be on the market for long so if you are interested and would like to see the place please email me or you can call me @ 516.779.1274. Thank you!
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