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Asking Price$249,000
Revenue$416,000 EstablishedUndisclosed
Cash Flow$104,000 Employees2 full, 4 part
FF&E$100,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Bar & Grill in Prime Location. First off the location is a prime corner in the heart of Nassau County. It is a bar with a full liquor licence and a grill with a full restaurant kitchen. The offer bar seating as well as booths for dining. In the past year the business grossed approx. $416,000 in gross bar-grill sales (plus Quick Draw and OTB), with a total net cash flow of approx. $104,000.00. They are currently open 7 days from 11am-4am for lunch and dinner. The location is fully staffed with 2 F/T and 1 P/T in the kitchen and 4 P/T wait staff and bar staff. There are 11 years left on the current lease (6 5) at a rent of $5,300/mth. (incl. CAM and taxes). The main floor is 1,200 sq. ft.and there is a full 1,200 sq. ft. basement with a prep area, walk-in and storage. There has been tremendous new residential apartment construction in the area. The owner has been forced to sell due to a health condition. We are seeking a serious and financially qualified buyer with at least $185K in liquid funds to cover the downpayment and approx. $10K in 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 MENTION THE SALE WHEN VISITING THE LOCATION.
Training/Support:The seller will train the new owner.
Seller Financing:$175,000.00 Down and $74K over 3 yrs. @ 6%.
Sale Reason:Health Condition
Ad #98799
Seller Reference #30466
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Melvin L. Vaz
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