Fantastic Bar and Restaurant in Nassau County
Asking Price: | $189,000 |
Gross Revenue: | $611,678 |
FF&E: | $45,000 |
Cash Flow: | $78,000 |
Inventory: | $8,000 |
Established Year: | 2020 |
LISTING ID # 36482
Fantastic Bar and Restaurant for sale! Price Reduced! Beautifully decorated and maintained, this space is on a major roadway in Nassau County. They offer Italian American cuisine, live music, events and Happy Hour! The space is approx. 1800 sf with a full kitchen including hood and grill, as well as a full-liquor license. The space has a 20ft bar along with booths and tables. There is seating for 55 inside and additional outdoor seating. They offer limited hours, Tu-Th 4pm -10pm, Fri 4pm-11pm, Sat 3pm-11pm, Sun 11am-3pm, Closed Mondays. A new owner can easily extend hours, if desired. There are 6 years left on the current lease with a rent of $5,626/mth and 3% annual increases. A new owner can keep the current concept of bring in something new. We are seeking a serious and qualified buyer with some bar-restaurant experience and at least $145k in liquid funds to cover the $130K downpayment and an additional $15K for rent security. Proof of funds will be requested prior to a buyer-seller conference call or meeting. All meetings must be scheduled by appointment only!
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