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Saloon Restaurant For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $800000
Net Profit / Cash Flow $145000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2011
Number of Employees 6 - 9
Inventory $250000 equipment & $1500 inventory.
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The seller will remain after closing and supply a long term transitional period.
Reason for Sale Relocating into Manhattan, New York and involved in an alternative business.
Description Unbelievable opportunity to own this highly popular Saloon Restaurant in an active city Rockland County, New York. This ultra modern facility is 3,500 square feet consisting of various areas and multiple bars. The business has a fully equipped commercial kitchen capable of high volume production. This facility also has entertainment approval for DJ's & live music. The sale includes a state issued consumption liquor license and a long term commercial lease agreement which is fully transferable. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service. The sale includes valuable private parking specifically for this business. The seller has an alternative business in Manhattan, must sell this business and has priced the sale well below market value. The facility consists of 3,500 square feet in an attractive modern setting with private parking as part of the lease agreement. The facility has multiple bars capable of servicing a large volume of patrons. This saloon also has an excellent commercial kitchen capable of a high volume production. This business is located in an urban business community area of Rockland County, New York on a county road close to various state highways. This area is known for its restaurants and shopping areas with a large volume of young people.
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