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Bar And Grill Restaurant For Sale

New York
Asking Price:
$249,000 (USD)
Sales Revenue:
$416,000 (USD)
Cash Flow:
$104,000 (USD)

Bar and grill for sale in prime location. First off, the location is a prime corner in the heart of Nassau County. It is a bar with a full liquor license and grill, with full restaurant kitchen. They offer bar seating, as well as booths for dining. In the past year, the business grossed approx. $416,000 in gross bar/grill sales (plus Quick Draw and OTB),generating a net cash flow of approx. $104,000.00. They are currently open seven days, from 11am-4am for lunch and dinner. The location is fully-staffed with two F/T and one P/T in the kitchen, and four P/T wait staff and bar staff. There are 11 years left on the current lease (6 5) at a rent of $5,300/month (incl. CAM and taxes). The main floor is 1,200 sq. ft., and there is a full 1,200 sq. ft. basement with a prep area, walk-in and storage. There has been tremendous new residential apartment construction in the area. The owner has been forced to sell due to a health condition. We are seeking a serious and financially-qualified buyer with at least $185K in liquid funds to cover the downpayment and approx. $10K in rent security. To learn more, ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION. kg

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Other

Employees:
6

Other Information

Support & training:

Yes

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

175,000.00 Down & $74K over 3 yrs. @ 6%.

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$7,000 (USD)

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