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Bar Lounge in Rockland County, NY

New York (Rockland County)

Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price $750,000 Inventory $10,000** 
Gross Income $1,100,000 Real Estate  
Cash Flow $200,000 Year Established 1999
FF&E $375,000* Employees 12

* included in the asking price

** not included in the asking price

A Bar Lounge in a prime area of Rockland County, New York. The business consists of an absolutely beautiful setting with a full lounge area and stunning open air dinning fully visible from the main street traffic. The facility is lcoated in a private mall with high visibility, many commercial businesses and a large customer base. The business has a very ultra modern appearance with many huge flat screen TV's, all around music, and live entertainment. This is an upscale urban community with a high population of workers and continued demand for this service. The business produces $1,100,000 yearly with a stable net income to the owner. A full state of the art kitchen and a long lease is part of the sale transaction. This is a must see because it sets the standards as the high end Lounge Restaurants throughout the area.

Facilities: The facility is 4,000 square feet, approved for 170 capacity, super ultra modern, a huge rectangle bar,an out door set up for private drinking and eating, a modern kitchen and beautiful bathrooms. There is an existing lease with additional options and moderate rent increases. The monthly rent is approximately $7,550 + cam charges.

Competition: Due to the upscale image, size and income, no similar Lounge Restaurant exists in this general area.

Growth/Expansion: With continued good service and by adding a marketing and advertising plan, this business can be further developed.

Seller Financing Available: Yes

Support/Training: The owner is prepared to train and supply a long term transitional period.

Reason Selling: Relocating out of the immediate area into the same industry.

Business For Sale By

Customer Service

973-837-0808 ext.101

Regal Consulting Corp.

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