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Bar And Grill Wings In New York For Sale

New York
Asking Price:
$319,000 (USD)
Sales Revenue:
$1,174,194 (USD)
Cash Flow:
$177,590 (USD)

The current owner put a different spin on a bar and grill, and it is working. Located in a densely-populated and affluent area of North Shore Suffolk County, this business offers 2,400 sq. ft. and over 40 parking spaces. They have 30 flat screen TVs to catch every sporting event, and a full-sized bar. There are 10 years (5 5) left on the current lease, at a rent of $10,395 (which includes taxes, garbage, cesspool and grease trap maintenance fees, water, landscaping, snow removal, fire alarm, outside lighting and sprinklers). In the past year, the business grossed approx. $1,274,000 (30% bar, 70% food), with a net cash flow of approx. $177,590. There is upside in bringing down the current food cost of 45%, adding delivery and pushing take-out (currently only 2% of sales). They have no advertising budget. We are seeking a serious and financially-qualified buyer with at least $175K in liquid funds for the downpayment, and $15K for the rent security. To learn more, please call Mel Vaz. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.


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Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Manager is retiring.

Employees:
24
Years established:
4

Other Information

Support & training:

Yes

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

175,000.00 Down & $144K over 8 yrs. @ 6%.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$10,000 (USD)

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