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American Pub And Restaurant In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$725,000 (USD)
Sales Revenue:
$900,000 (USD)
Cash Flow:
$275,000 (USD)

3000 SF Pub & Restaurant in Prime Area. This landmark is located on a main street in the latest hotspot on LI. The area has been going through a major redevelopment with many new bars and restaurants opening up. This owner built the business from scratch 7 years ago and is now ready to sell. He successfully navigated through the worst of the pandemic. 2020 gross sales were approx. $850K, 2021 sales were approx. $900K and 2022 should be topping $1 million. That does not include private parties that are booked for every weekend. An owner’s cash flow of approx. $275,000.00 is expected by year end 2022. This business is fully equipped with a restaurant kitchen and hood, 24 taps, even pizza ovens. It is also fully staffed (5 F/T and 8 P/T employees). It also has a long term lease of 18 years with a rent of $6,300/mth.(incl taxes). It has been approved for rooftop seating as well. Now is the time to make a purchase and ride the recovery wave. We are seeking a serious and financially qualified buyer with at least $500,000 in liquid funds to cover the down payment. That does not include inventory. Proof of funds will be requested prior to meeting with the owner. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business.

Business Operation

Reasons for selling:

Retirement

Employees:
5FT/8PT
Years established:
2015

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

500,000.00 Down & $225K over 3 yrs. @ 6% with a PG and collateral.

Furniture / Fixtures value:
$500,000 (USD)

Contact Vested Business Brokers HQ

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