Profitable Restaurant & Bar Opportunity w/RE

New York
Asking Price: $595,000
Business For Sale Details
Listed on Jan 30, 2025

**Turnkey Opportunity: Own a Beloved Community Landmark!**

Dive into the heart of a thriving community with this well-established, family-owned restaurant and bar, a beloved local institution for over 10 years. Here’s why this is an investment not to be missed:

**Award-Winning Cuisine**: Renowned for its signature chicken wings, succulent steaks, and authentic tacos, this restaurant boasts an extensive menu that caters to all tastes, from gourmet burgers to fresh salads, ensuring a broad appeal.

**Prime Location with Parking**: Enjoy the advantage of your own exclusive parking lot, a rarity in the area, enhancing customer convenience and boosting foot traffic.

**Loyal Team, Stellar Service**: Benefit from a dedicated and experienced staff with low turnover, ensuring consistent, high-quality service and operational excellence.

**Historic Charm**: Housed in a building with over 50 years of history as a dining spot, this restaurant offers a nostalgic ambiance that patrons love.

**Diversified Revenue Streams**: Not only does it excel in dine-in, but it also features a robust catering service, including off-site events. Plus, a thriving takeout and delivery business through partnerships with GrubHub, Uber Eats, and DoorDash, adding significant revenue and reach.

**Sports Bar Hub**: The full-service bar with multiple screens is the go-to place for sports enthusiasts, creating a lively atmosphere and regular clientele for game days.

**Growth Potential**: With opportunities to expand bar operations, extend hours, amplify marketing, and further leverage the delivery platforms, there's significant room for growth and increased profitability.

**Investment Details**: The listing includes real estate valued at $1,100,000, with seller financing options to make your transition into ownership smoother.

Seize the chance to own not just a business, but a community treasure. If you are an existing operator of a restaurant, this could qualify for $0 down payment at the closing. For more details, please submit your inquiry today!

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Financials (USD)

Asking Price $595,000

Cash Flow $259,697

Sales $1,773,175

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Yes

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? Available On Request

Real Estate? Yes

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