Bar & Grill Wings - Unique Concept
www.GlobalBX.com
Listing ID:
700287595
Listing Title:
Bar & Grill Wings - Unique Concept
Quick Link:
http://www.globalbx.com/listing.asp?bId=287595
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
New York
Area
City:
Suffolk County
Asking Price Range:
$250K - $500K
Gross Revenues:
$1,174,194
Cash Flow:
$177,590
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2010
Number of Employees:
20 - 34
Business Description:
Unique Concept. This owner put a different spin on a bar, grill and wings and it is working. Located in a densely populated and affluent area of N.Shore Suffolk County, this business offers 2,400 sq. ft. and over 40 parking spaces. They have 30 flat screen tv's to catch every sporting event and a full size bar. There are 11 years (6 5) left on the current lease with a rent of $10,395 (which includes taxes, garbage, cesspool and grease trap maintenance fees, water, landscaping, snow removal, fire alarm, outside lighting and sprinklers). In the past year the business grossed approx. $1,274,000 (30% bar, 70% food) with a net cash flow of approx. $177,590. There is upside in bringing down the current food cost of 45%, adding delivery, and pushing take-out (currently only 2% of sales). They have no advertising budget. We are seeking a serious and financially qualified buyer with at least $240K in liquid funds for the downpayment and $15K for the rent security.
ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.
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