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Gorgeous American Bar & Grill With Property
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $958526
Net Profit / Cash Flow $211028
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2009
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description Gorgeous American Bar & Grill with property in an affluent Nassau County town. This beautifully appointed space offers 3500 sq. ft. of space including a full 3,500 sq.ft. basement and fully equipped kitchen. There is even a private room for parties. They have a phenomenal lease with 8 years remaining plus two 5 yr. options. 18 years! In the past year the business grossed approx. $1,040,000.00 with a Net Income of approx. $208,000.00. The seller is flexible and motivated due to several other projects that he has underway. The property is available through the landlord for an additional $1.499 million. (The landlord wants out of the building. He doesn't need or care about the money and is eager to move to the west coast. He is looking for someone to just assume his mortgage. So basically, you wouldn't even have to lay out any out of pocket expense, you would just have to continue to make the payments and the building is already profitable. Between this restaurant, the other retail store, and the apartment which is also zoned for commercial the landlord makes appx. $2500 profit per month. He is also willing to include a back-out clause up 3 or 4 years. If you don't want it anymore you can just back out and give it back to him.) We are looking for a serious and experienced buyer with at least $350K in liquid capital to cover the down payment, deposits, working capital, inventory, etc. If you meet this criterion, please call or email Mel Vaz today at 631-909-1095.
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