The Still Bar & Grill Business is a one of a kind turn key restaurant and bar with a total capacity of 410 people. Owner's investment was $700, 00 for the build out including all equipment and all furnishings. The lease terms are transferrable. Current average annual sales are $3, 000, 000. Establishment includes a custom wood live edge 52 seat bar, 29 custom wood live edge tables, 24 TVs, a stage, and a 32 line glycol draft system. There is also a separate private banquet that holds 115 people with it's own bar, separate sound system and draft lines. Full commercial high volume kitchen includes full hood with ansul system, a walk in freezer, a walk in refrigerator and all commercial appliances and prep areas. Storage is abundant with 4 storage closets, a locked liquor storage room, and an attached trailer for additional storage. The upstairs office holds the telecommunication devices, cameras, and computers. Some Seller financing available.
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$550,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $440,000 | $440,000 | $440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,002 | $2,924 | $3,743 |
Total Monthly Payment | $3,094 | $3,016 | $3,835 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.