Business To Buy

Brand New BBQ Bar & Restaurant for sale

Bronx County, New York
The business produces over $340,000 yearly gross sales. 20% of the income is liquor sales which represents a substantial mark up and profit for the owner. This Restaurant is known to hold events for non-profit organizations in the local area as well as dependable food and drink. The business is fully equipped as a restaurant-lounge, with a full kitchen, Walk in refrigeration, full bar,Micros POS computer system. This is a rare opportunity to own a profitable business that only requires an updated menu, possible theme change, and solid marketing plan. This business will offer longevity and a sold income for years to come.

Financials

Price: $130,000
Gross Income: $341,000
Cash Flow: $60,000
FFE: $440,800
Inventory: $6,000
Real Estate Value: $0

About the Business

Office Reference ID: #7488
Year Established: 2010
Financing:
Training: As much as you need
Facilities: Located in a prime area of Bronx County, New York. The facility is 1200 square feet with a bar area, seating for 60 customers and an brand new professional commercial kitchen. Includes numerous flat screen TV's and 25k BBQ smoker. The current lease is 5 years at $3,400 per month. The best features of this business are the new furniture, fixtures, and equipment, the brand new build out, and the $25,000 BBQ smoker
Competition:
Growth: Located across the street from a Police precinct which offers safety and plenty of hungry police patrons. Very rare to find a brand new restaurant in the local area. A Latin restaurant, rather than a Soul food restaurant, would have more potential as the Latin population is the is in the majority .
Business Listed By
Name: Paul Ardo
Company: American Business Brokers
Phone: 888-572-9949

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