Established Bar & Lounge – Asset Sale, Long-Term Lease & Growth Potential

Business Description

An opportunity to acquire the assets of an established bar and lounge in Seaford, Long Island. The approximately 3,000-square-foot space offers an existing hospitality setup for an operator looking to enter the bar and lounge industry or expand an existing hospitality portfolio.

Currently operating just two days per week, the business offers an opportunity for a new owner to explore expanded operating hours, special events, promotions, and additional revenue-generating initiatives.

The current owner has owned the business for five years but no longer has the time to dedicate to its operation and is looking to move on to other business opportunities. This asset sale presents an opportunity for a new operator to take over the existing setup and develop the business according to their own vision.

Business Highlights

• Asking Price: $159,000
• Approximately 3,000 square feet of bar and lounge space
• Asset sale opportunity
• Existing hospitality setup
• Long-term lease in place through 2032
• Monthly rent of $7,900
• Three current employees
• Currently open only two days per week
• Potential to explore expanded hours and additional revenue opportunities
• Seller looking to pursue other business ventures

Ideal Buyer

An excellent opportunity for an experienced bar or restaurant operator, hospitality entrepreneur, or existing business owner seeking to expand into a new location. A hands-on owner with the time to dedicate to the business may be able to capitalize on the existing space and explore opportunities to expand operations.

Asking Price: $159,000  
Business Type: Bar & Lounge  
Sale Type: Asset Sale  
Location: Seaford, Long Island, NY  
Size: Approximately 3,000 SF  
Monthly Rent: $7,900  
Lease Expiration: 2032  
Employees: 3  
Ownership: 5 Years

Reason for Sale

The owner has operated the business for five years and is selling because other commitments prevent them from dedicating sufficient time to the operation. The seller is ready to move on to other opportunities.

Additional Information

The transaction is structured as an asset sale. Additional details regarding included assets, equipment, lease assignment, licensing, and sale terms will be made available to qualified buyers.

Serious inquiries only.