Very successful Saloon located in Southern Rockland County on an active commercial avenue with a consistent positive cash flow to the owner operator. This Bar & Grille is inspired by everything that makes the area a highly popular tourist and shopping area. The festive restaurant recreates the experience of a casual American Pub Restaurant and is perfect for casual dining and cocktails. Their patrons step up to a warm, cozy yet spacious lounge, furnished with comfortable chairs and wood tables. This is an excellent business opportunity which can be further developed with an onsite owner operator. This solid business opportunity is on an active county road with lots of drive by traffic and services various highly populated communities in the area. The business has an average gross income of $800,000 and a consistent net yearly income of $100,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This industry requires government agency approval to purchase due to the New York State issued Consumption liquor license. The Saloon is located on a highly active commercial avenue with many other successful retail businesses. The retail facility which consists of approximately 1,535 square feet has a great deal of character, lots of tables and a long oak bar with sufficient seating. This opportunity is located in Southern New York state, Rockland County, which consist of a high population and various affluent communities with continued demand for this particular food product. This business has two full and four-part time employee with a monthly payroll of $8,625. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $6,500 and rent security $13,600. The business is located on a commercial avenue as an attached building. The facility which consists of 1,535 square feet has a full basement for storage and has a capacity for approximately 110 customers. This business opportunity asset has an estimated value of $150,000 and consists of a consumption liquor license, municipal license to operate, fully equipped commercial kitchen, including a POS system, displays, shelving, tables, computers, software and all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate municipal parking near to the site. The business is active seven days per week, with hours from 12:00 pm to 4:00 am. The sale includes a State issued consumption Liquor license, certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. The owner will remain post-closing to supply an appropriate transitional period to the new operator. The sale is due to the owners pending retirement. The business is maintained as an absentee ownership, a limited marketing plan, basic web site and if improved can further develop the business bottom line net income. To the best of our knowledge due to the required Certificate of Occupancy and various other circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Posted May 9, 2016

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