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Asking Price$475,000
Revenue$1,290,323 EstablishedUndisclosed
Cash Flow$200,489 Employees8 full, 6 part
FF&E$500,000 FranchiseNo
Inventory$20,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Fantastic Stand Alone Bar/Pub! **PRICE REDUCTION** THIS IS THE BEST DEAL SO FAR THIS YEAR! This is a 4,000 sq. ft. bar and pub with a full kitchen and outdoor patio. The current owner has been here for 11 years. He fully refurbished the location. It is in excellent condition with 50 tv's, pool room with 2 pool tables, lounge area, state-of-the-art sound system with DJ equipment. The POS system tracks everything. In the past year the business grossed approx. $1,400,000.00 with a net cash flow of approx. $200,000.00 for a very part-time owner. There are 8 years left on the current lease and the landlord will add at least another 5 years for a qualified tenant. Current rent is $8,000 (incl, taxes, CAM, etc.) It is a triple-net lease as it is a stand-alone building with its own parking in front and back for at least 20 cars. There is also a lot for over 50 cars across the street that can be used in the evening. This truly is one of the best bar/pub deals I have seen in years. We are seeking a serious and financially qualified buyer with at least $285K in liquid funds (to cover the downpayment and rent security) and some bar management experience. If you meet the criteria, please call or email Mel Vaz today on 631-909-1095 or melvaz@vestedbb.com.
Training/Support:The seller will train the new owner.
Seller Financing:285,000.00 Down & $190K over 3 yrs. @ 6%.
Sale Reason:Cashing out for another opportunity.
Ad #90568
Seller Reference #29207
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Melvin L. Vaz
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