Iconic Bar Restaurant in New York County, NY 32702

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$175,000 $901,537

Food & Beverage: Bars, Clubs, Nightspots


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RE: Iconic Bar Restaurant in New York County, NY 32702 Broker: Jay Goldman
Owner Financing is Available!
125,000.00 Down & $50,000.00 at 7% over 24 months

Quick Facts

Asking Price: $175,000
Annual Revenue: $901,537
Net Profit: Not Disclosed
Cash Flow: $146,500
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 10
BBN Listing #: 5014447
Broker Reference #: 32702

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Business Overview:

Established 8 years ago, this cozy NYC Bar and Restaurant is world-renowned for its quirky food and first-rate American- made craft beers. It is a beloved local hot spot and frequent destination for tourists alike. 60% of revenues come from the sale of beer, wine, and hard cider; 40% from food. You may want to apply for a full liquor license. 80% of payments are made on credit cards. Food deliveries are made by PostMates and UberEats. The main reason why this listing is being offered at such a low value to its cash flow is because the kitchen will soon need to be moved from the basement to street level to satisfy regulations recently set forth by the department of buildings. The seller estimates the total cost at no more than $40,000 and will fully explain all that's involved upon meeting with you. Staff generally consists of 8 Part Time bartenders, 2 Full Time cooks, 1 Full Time dishwasher (who can also serve as a cook and food runner), and up to 2 other Part Time kitchen workers. The landlord stands ready to round up the existing lease to at least 8 years. This bar restaurant is located very near to a major NYC hospital complex and attracts many customers from there. Please do not say anything to the employees or customers when visiting this location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached by text or phone or email. Please first go to our website to become a free registered buyer under listing 32702, if you are new to Vested Business Brokers.

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Reason for Selling:

Moving

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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