Price: $79,900
Location: Rockland County, New York
Industry: Bar
Listing ID: BAR851
Quaint bar and casual restaurant in a wonderful area of Rockland County New York and priced for a rapid sale. The business has existed for many years and the owner is now retiring after much success. Training and owner financing is available and priced for a quick sale. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $291,888
Cash Flow: $70,000
FFE: $45,000 (Included in Price)
Inventory: $3,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner retirement from this industry after many years of success.
Training & Support:
Training and owner support, the owner will remain post-closing and is prepared to supply an appropriate transitional period to the purchaser. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 3,400
Type of Location: Commercial Avenue
Square Footage: 1500
Relocatable?: Yes
Facilities Information:
The business is located on a commercial avenue with various other active retail businesses. This opportunity is in southern New York, Rockland County, which consists of various highly populated communities with continued demand for this type of food service. This is a long-standing business, the facility which consist of approximately 1,500 square feet and has an old-style appearance.
Summary
Owner Qualifications:
For Qualifications purposes, due to the New York state issued liquor license, this business opportunity and industry requires government licensing approval to purchase or operate in addition to the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding growth and expansion, the business opportunity can be further expanded with a new operator by improving the local advertising. Additionally, the company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.