Bar & Restaurant and Catering With Property Available (#22667)

Motivated Seller Bar/Restaurant In Nassau County

Property and Business Summary: Totally Renovated Bar, Restaurant and Catering Facility With Option To Buy Property

Location & Size: This elegant bar and restaurant is a three-story property with a total area of 4,500 square feet (1,500 square feet per floor).

Features:

Design: The restaurant features a classic design with a private catering room.
Renovations: Completely renovated in 2021, including new furniture, fixtures, and equipment.
Kitchen: State-of-the-art industrial kitchen.
Accessibility: Equipped with an elevator servicing all three floors.
Roof & HVAC: New roof and five new A/C units.
Seating Capacity:

Indoor: 1st floor – 60+ seats; Upstairs – 70+ seats.
Outdoor: 40+ seats.
Parking: Ample parking is available with two municipal parking lots directly behind the property and additional parking on both sides of the one-way street, Pennsylvania Ave.

Financials:

Purchase Price: $2.8 million.
Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.