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Asking Price$99,000
Revenue$300,000 Established2017
Cash FlowUndisclosed Employees6 part-time
FF&E$50,000 FranchiseNo
Inventory$7,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 29735

Great Bar & Grill w/bsmt. The owner spent considerable time and money designing this location with great attention to detail. They are observant of covid regulations. It is a great local restaurant offering burgers, fries, beer/wine, a friendly atmosphere and great customer service. It has all that a restaurateur would look for, low rent ($4,000/mth), 1,200 sq. ft., plus a 150 sq. ft. yard a large kitchen with full grill and hood and a finished prep basement of 600 sq. ft. You can come in today and operate without having to spend a penny on upgrades/repairs. The menu can be expanded to add daytime service, weekend brunch, etc. They are currently open Thursday - Sunday 4PM - 11PM. Closed Mon-Wed. There 4 years remaining on the lease with 4% annual increases. The business currently operated on an absentee basis as the owner has moved out of the country. In the past year the business grossed approx. $300,000.00. This location needs an owner/operator to really grow. The current payroll is approx. 30% of gross sales. We are seeking a serious and financially qualified buyer with at least $75K in liquid funds to cover the down payment and rent security. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-29735 for instant access to this business information.
Training/Support:Seller will train
Seller Financing:65,000.00 Down & $34K over 3 yrs. @ 6%.
Sale Reason:Owner has moved out of the country.
Ad #122199
Seller Reference #29735
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Vested Business Brokers
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