A famous neighborhood bar is located in a very populated area on Long Island. Rent is $3300 a month. The bar is spacious, with seating arrangements, and also has a commodious backyard, which, along with the seating arrangements, creates a perfect opportunity for social and birthday parties. Also has an established kitchen with cooking facilities. Has a lotto, a gaming machine, a jukebox, and an ATM, which earns enough cash to pay almost the rent. The bar has 6 bartenders who are willing to stay with a new owner. The business has a state-of-the-art security system. The seller is willing to stay until a new owner becomes well-versed in the business. The seller, due to personal reasons, wants to sell this business. The seller's net cash flow, after paying all the bills, is over $85,000 a year.
- Asking Price:
- $220,000 Inventory / Stock included
- Sales Revenue:
- $450,000
- Cash Flow:
- $100,000
Business Operation
- Reasons for selling:
-
Personal
- Employees:
- 1 FT/6 PT
- Years established:
- 12
Other Information
- Support & training:
-
Seller will train
- Furniture / Fixtures value:
- $30,000
- Inventory / Stock value:
- $1,000 - included in the asking price
