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4500 SF Pub & Restaurant In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$599,000
Sales Revenue:
$1,300,000
Cash Flow:
$266,200

4500 SF Pub & Restaurant in Prime Area. Price Reduced! This is a true gem. It is located on a main street with access to parking in the next hotspot on LI. The area is going through a major redevelopment with a multi-million-dollar revitalization program that has already begun. This will bring a flood of new visitors to the attractions in the area. Regardless, the current owner is ready to retire. He successfully navigated through the worst of the pandemic and is ready for his next chapter. 2019 gross sales were $1,300,000 with an owner’s cash flow of approx. $266,200.00. These are verifiable figures. 2020 gross was $910,000.00 and 2021 has seen a great bounce back and looks to be on par with the 2019 sales. The business is fully equipped and fully staffed (13 F/T and 15 P/T employees). It also has a long term lease of 16 years with a rent of $8,000/mth.(incl taxes). Now is the time to make a purchase and ride the recovery wave and be prepared for the upside of the redevelopment. We are seeking a serious and financially qualified buyer with at least $325,000 in liquid funds to cover the down payment. That does not include approx. $35K in 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, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Retirement

Employees:
13FT/15PT
Years established:
1994

Other Information

Support & training:

Seller will train

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

325,000.00 Down & $274K over 4 yrs. @ 6%

Furniture / Fixtures value:
$250,000
Inventory / Stock value:
$35,000

Contact Vested Business Brokers HQ

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