Fantastic Bar and Restaurant in Nassau County

Nassau County, NY

Seller Financing Available

listing image
Asking Price:$189,000
Gross Revenue:$611,678
FF&E:$45,000
Cash Flow:$78,000
Inventory:$8,000
Established Year:2020
BUSINESS DESCRIPTION

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!


DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Not Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
130,000.00 Down & 59 K over 3 years at 7%.
Support & Training
Seller will train
Reason for Selling
Seller is moving
Report an Issue with this listing
profile-img
Vested
Business Brokers, Ltd
logo-img
Vested Business Brokers, Ltd