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Asking Price$199,000
Revenue$576,037 Established2011
Cash Flow$103,937 Employees3 full, 7 part
FF&E$175,000 FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
Bar & Grill Downtown NYC. *PRICE REDUCTION* 1am liquor license. This is a very popular pub/rest./sports bar that needs an owner/operator. The current owner has spent the past 6 years building this business. In the past year the business grossed approx. $625,000.00 (70% bar and 30% food) with a net cash flow of approx. $103,000.00. The location does have a full restaurant kitchen. THE OFFER NO FOOD DELIVERY OR BRUNCHES. Although the business is high profitable, it would do even better with someone hands on. There is a new 10 year lease. The total rent is $9,800/mth with 3% annual increases for a 1,000 sq. ft. space with a 600 sq ft. bsmt. The landlord will require a 3 mth. rent security deposit. We are seeking a serious and financially qualified buyer with at least $230K in liquid funds to cover the downpayment and deposits. If you meet the criteria, please call 1-877-735-5224. PLEASE VISIT THE LOCATION DISCREETLY AND DO NOT MENTION THE SALE TO THE STAFF!.
Training/Support:Seller will train new owner,
Seller Financing:199,000.00 Down & Possible for a qualified buyer.
Sale Reason:Focusing on a few other locations.
Ad #92767
Seller Reference #29351
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Melvin L. Vaz
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