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Asking Price$339,000
Revenue$1,174,194 EstablishedUndisclosed
Cash Flow$177,590 Employees2 full, 22 part
FF&E$150,000 FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Unique Concept. *MAJOR PRICE REDUCTION* This owner put a different spin on a bar, grill and wings and it is working. Located in a densely populated and affluent area of N.Shore Suffolk County, this business offers 2,400 sq. ft. and over 40 parking spaces. They have 30 flat screen tv's to catch every sporting event and a full size bar. There are 11 years (6 5) left on the current lease with a rent of $10,395 (which includes taxes, garbage, cesspool and grease trap maintenance fees, water, landscaping, snow removal, fire alarm, outside lighting and sprinklers). In the past year the business grossed approx. $1,274,000 (30% bar, 70% food) with a net cash flow of approx. $177,590. There is upside in bringing down the current food cost of 45%, adding delivery, and pushing take-out (currently only 2% of sales). They have no advertising budget. We are seeking a serious and financially qualified buyer with at least $200K in liquid funds for the downpayment and $15K for the 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.
Seller Financing:200,000.00 Down & $139K over 8 yrs. @ 6%.
Sale Reason:Manager is retiring.
Ad #99840
Seller Reference #30322
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Melvin L. Vaz
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