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#Business ID: 19210

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Bar And Restaurant

Business Location: Rockland, New York, United States

Asking Price: $ 150,000 Revenue: $ 725,000 Cash Flow: not disclosed

Business Summary

Unbelievable opportunity for an experienced restaurant operator to purchase a popular dining establishment with full liquor license in a town renowned for its restaurants.

Owner is not able to work the long hours that the restaurant business requires and must sell.
Full staff and chef in place. Payroll includes owner salary of $55K/year.

The price is a steal.

Make an offer.

Facilities: 1500 SF store with full basement. Parking on premises. 60+ seating and bar seating. Lease with 3 X 5 year options with 3% escalation. Current rent $5,100/month CAM & Real Estate Taxes included. New installation with beautiful dining area, bar and fully equipped kitchen and walk-in boxes.

EBITDA: $165,000

Property Details

Years Established:

2009

Property Type:

Lease

Other Business Details

Competition:

Unique New American with Mediterranean influenced menu with full liquor license. This town is a destination restaurant town. Well reviewed with 4+ stars on Yelp, Google and others and NY Times reviewed. Extending operating hours and doing happy hour can increase liquor business. Top rated brunch.

Expansion Potential:

Not open for lunch or brunch.Closed on Tuesday. It is very expensive to open a new restaurant in this town as the license charge is over $100,000.00 and is charged by number of parking spaces which are needed for any new restaurant with a liquor license. Turnkey.

Business Operation Details

Employees:

12

Support & Training:

Owner will transition.

Miscellaneous Details

Reason For Selling:

Absentee owner with other major business.

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