Upscale Bar & Restaurant in popular waterfront location available for sale. Bar & Restaurant has brand new fixtures and furnishings and is in immaculate condition. Owner has spent approximately $500K on the build out and make over of the business. Seats 136 people including Dining Room and Bar which is fully stocked. Restaurant includes a separate party room which accommodates up 200 people. Rent is $15K with 8 yrs remaining on the lease with a 5 yr option to renew. Parking Lot on premises.
Purchase price includes nearby exotic redesigned Tiki Bar which has huge profit growth potential. Bar is only open from late May to September and generated Revenues of $390,000 in 2014. Bar is in a beautiful location right on the water with ample table seating. 60% of sales are generated from the Bar and 40% from food.
Excellent opportunity to acquire 2 businesses in a prime waterfront location. Both businesses recently redesigned and upgraded. Perfect for the right buyer seeking a turnkey operation with tremendous upside.
Owner will hold a note for qualified buyer.
Only $200K Down gets you in the door for these two beautiful establishments.
Will Co-Broke.
Request NDA for more information
Gross Income: $540,000
Cash Flow:
Fixtures, Furniture & Equipment: $150,000
Inventory: $16,000
Established:
Business Type: Bar & Restaurant
Location: Nassau County
Employees:
Financing: Seller Financing Available
Absentee Owner:
Additional Features:
Inventory:Included in asking price
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:5000 sq ft
Support & Training:Support & Training Available
Reason for Selling:Other Business Interests
Listing ID: 274