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Business For Sale

CAFE/LOUNGE

Attn: Sid Mollin
New York City, NY, USA
Listing Number: "1178"
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Asking Price: $1,200,000 USD USA Dollars
Business for Sale Industry: Food & Beverage: Bars, Clubs, Nightspots  
Reason for Selling: Too little time with other ventures.
Year Established: 2004
# of Employees: 10F/30 P/T
Yearly Revenues: $2,100,000
Yearly Cash Flow: $315,000
 

Business for Sale Overview:

This unique concept of Cafe by day and night and Lounge by night with DJ and party availability is the only one of it's kind in this trendy neighborhood. Their Mediterranean/American menu is hard to beat and they provide deliveries and take-out as well. They have a full liquor license and a sidewalk cafe license on a corner locale in a Landmark bldg. Their 2,000sf basement contains a full electric kitchen, walk-in fridge, storage, add'l restrooms and access to treet level deliveries via elevator.


Property Features and Assets:

Approx 1,400sf plus a 2,000sf basement on a corner locale in a Landmark bldg. with 7 years remaining on the lease in a trendy revitalized neighborhood with an influx of living accommodations -- and that means more volume.


Market Competition and Expansion:

Nothing like it in the neighborhood. This unique concept has Franchise potential.


Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • The owner is not willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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