Property ID : LB22.208/SPL25.287
For Sale $99,000.00 - Bar/Lounge, Restaurant
- A quaint Bistro and bar located in a trendy, Park Avenue area neighborhood
- Established in 1998, and has a very loyal clientele
- The menu is a mixture of favorite Italian and American dishes
- A small bar is available serving wine and liquor
- Current sales shown are based on this Bistro being open only 25 hours a week
- Has its own parking lot for 24 vehicles and some off-street parking is available
- Hours of business Tuesday thru Saturday 5 PM -9 PM
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture, Fixtures, and Equipment at a Fair Market Installed value of $45,000
Current gross rent is $3,100 a month that includes garbage and hot water.
The Buyer can obtain a new lease from the landlord
SALES AND SELLERS DISCRETIONARY EARNINGS:
Sales: $ 246,310
Cash Flow (SDE): $ 87,384
The Asking Price is $ 99,000. There is some seller financing available to a well-qualified buyer
LOCATION,LOCATION,LOCATION,is the key here. This is a perfect opportunity for an owner-operator, or chef. It has very low overhead expenses. There is a large walk-in business from the surrounding neighborhood.
This is a must see opportunity.