$130,000

Brand New BBQ Bar & Restaurant for sale

New York/Bronx County
for sale
Financials
  • Price: $130,000
  • Gross Income: $341,000
  • Cash Flow: $60,000
  • FFE: $440,800
  • Inventory: $6,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing 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 .
  • Employees:

Property Descriptions

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.

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Paul Ardo 33 Wood Ave South Ste 600, New Jersey, Iselin
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