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Well Established Bar and Grill 14240 for sale in Suffolk County, NY

Suffolk County, New York (NY)

Asking Price: Gross: Cash Flow:
$ 225,000 $ 349,000 $ 100,426

Business Summary:
Well Established Bar with Grill located in a very affluent area. The same owner has operated this bar for 29 years. He is selling as he is due to retire. He is at the bar strictly in a management capacity. This is a stand alone building with parking in the front and back, approx. 50 parking spaces, plus overflow parking. It is on a very busy road, right off of Sunrise Highway. This bar serves an eclectic mix of young and old, from college students to seniors. Everyone gets along very well and there are rarely any incidents. They offer a large Plasma TV, pool table, and OTB. They also have a grill and 2 deep fryers. There is indoor and outdoor seating for 58 and 44 respectively. The location could be used for special events and small concerts have been held in the parking lot. Sales consist of 10% Food, 40% Beer and 50% Liquor. In the past 12 months this location has Grossed approx. $349,000.00 with a Net Income of approx. $100,000.00 The seller also owns the building with 1350 sq. ft. indoors and a 700 sq. ft. patio. He is willing to offer a 10 year lease (5 and 5) to a qualified buyer. Call or email Mel Vaz today for an appointment to visit at 631-909-1095 or mvaz@vestedbb.com.

 

   
Year Business was Established: 1980
   
Number of Employees: 6PT  
   
Owner willing to finance: $40K over 2 yrs. @ 8%  
   
Reason for selling: owner is retiring  
   
Seller Reference Number: 14240 Vaz
BusinessMart.com Listing Number: 71684
 

 

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Vested Business Brokers

Vested Business Brokers
631-265-7300

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