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Bar Pub In Suffolk County 30771 For Sale

Suffolk County, New York
Asking Price:
$140,500 (USD)
Sales Revenue:
$650,000 (USD)
Cash Flow:
$105,000 (USD)

The location of this bar pub is on one of the busiest roads on Long Island. The bar is 3,500 Sq. Ft. with another connecting 1,000 Sq. FT building, for parties and catering. Both have private patios. The bar has 22 taps and 3 walk-ins, full kitchen, 11 TVs and 2 55 inch TVs in the party room. This bar comes with an incredible camera system, with 32 cameras. The bar also has a brand new heating system and POS system. The bars monthly rent is only $7,850 which includes building insurance and has a great lease for 10 years plus 5-year option. The gross revenue is $650,000 annual plus income from OTB, Lotto, and games. After all, expenses are paid, the net cash flow is $105,000 per year plus income from OTB, Lotto, and games. Seller is selling due to health reasons. This is truly a great opportunity for a new owner. .

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Other

Employees:
19

Other Information

Support & training:

Yes

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

110,000.00 Down & $30,500.00 at 5% over 60 months

Furniture / Fixtures value:
$200,000 (USD)
Inventory / Stock value:
$7,000 (USD)

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