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Asking Price$99,000
Revenue$667,005 EstablishedUndisclosed
Cash Flow$177,804 Employees4 full, 9 part
FF&E$350,000 FranchiseNo
Inventory$15,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
***MUST SELL*** VERY MOTIVATED SELLER! One of a Kind Upscale Bar Restaurant. This is a high end bar restaurant catering to age 30 and up. This beautifully appointed space offers 2500 sq. ft. including a fully equipped kitchen. They have seating for 70 in the dining room and 30 at the bar, with a total occupancy of approx. 120 patrons. It has a very unique concept found no where else on Long Island. You must visit to appreciate it. The location is currently only open from 3pm - 1am M-Th, 12noon - 3am Fri & Sat. and 12noon-1am - Sunday. They have a great lease with 14.5 years remaining and only 3% yearly rent increases. There is street parking as well as a full lot in the back with over 50 spaces. All furniture, fixtures and equipment are practically new. The build-out alone cost the owner over $350K. In the past six months the business has been averaging $13,500/wk. in sales with a projected $702,000.00 for the year. Net sales are expected to be approx. $177,804.00. The seller is motivated due to a full-time business out side of this. We are looking for a serious and experienced buyer with liquid capital. NO REASONABLE OFFER WILL BE REFUSED! If you meet this criterion, please call or email Mel Vaz at 631-909-1095 or mvaz@vestedbb.com.
Training/Support:Seller Willing To Train
Seller Financing:99,000.00 Down & or Best Reasonable Offer!
Sale Reason:Personal
Ad #63187
Seller Reference #25408
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Contact This Seller
Melvin L. Vaz
1-877-735-5224
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