Historic NYC Bar and Restaurant - Absentee Run

Not Disclosed, NY

Asking Price: Annual Revenue:
$160,000 $518,411

Food & Beverage: Bars, Clubs, Nightspots

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RE: Historic NYC Bar and Restaurant - Absentee Run Broker: Kyle Griffith
Owner Financing is Available!
Seller Financing Available to qualified buyer.

Quick Facts

Asking Price: $160,000
Annual Revenue: $518,411
Net Profit: Not Disclosed
Cash Flow: $58,116
Total Debt: Not Disclosed
FF&E: $7,500
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 380011983
Broker Reference #: 983

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Business Overview:

This is an opportunity of a lifetime to own a piece of history. This well-known historic bar has huge ties to the local community and a new owner would be in a great position to capitalize on such a fantastic opportunity. This established bar and restaurant is a turnkey operation with management in place allowing the owner operate mostly absentee.

The bar is very inviting and its nostalgic ambiance attracts repeat and new customers. The menu offers popular choices that are hits among customers. The owner has reinvested into the bar and restored the bar's historic attributes. Business revenues have grown over the years, however in the right hands of an experienced operator this bar has “untapped” potential.

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Market Competition and Expansion:

Capitalize on Media and TV publications. Offer local food delivery and expand on catering.

Reason for Selling:

Owner seeking other business interests.

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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