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Great Local Bar & Rest.

6/wk
Queens County, New York, United States
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Asking Price$175,000
Revenue$251,000 EstablishedUndisclosed
Cash Flow$49,360 EmployeesUndisclosed
FF&E$50,000 FranchiseNo
Inventory$7,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Great Local Bar & Rest. The owner spent considerable time and money designing this location with great attention to detail. You will see this upon entering. 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 ($3,363/mth), a large kitchen with full grill and hood and a finished prep basement. 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 7 days from 4pm - 1am (until 2am on Fri.). There 7 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. $278,000.00 and it continues to grow. The net cash flow was approx. $49K - RUN ABSENTEE! 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 $99K in liquid funds to cover the asking price and inventory. To learn more, please call Mel Vaz. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.  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.
Training/Support:The seller will train the new owner.
Seller Financing:$99,000.00 Down and $76K over 4 yrs. @ 6%.
Sale Reason:Owner has moved out of the country.
Ad #93850
Seller Reference #29735
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Melvin L. Vaz
1-87
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