Brooklyn Restaurant & Bar for Sale 7 Figure Sales

Brooklyn, NY
Kings County


Asking Price: Annual Revenue:
$549,000 $1,395,170

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Brooklyn Restaurant & Bar for Sale 7 Figure Sales Broker: Steve Weinbaum

Quick Facts

Asking Price: $549,000
Annual Revenue: $1,395,170
Net Profit: Not Disclosed
Cash Flow: $130,458
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 7
BBN Listing #: 41418096
Broker Reference #: 8959

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Business Overview:

Profitable Multi-Level Restaurant and Bar for Sale Located in Vibrant and Desirable Williamsburg, Brooklyn. Open and Operating for Eight Years on the Corner of one of the Hottest neighborhoods in New York. Centrally Located within Walking Distance of two major Subway lines. Below Market Rent with Over 10 years remaining on Lease. 3500 Square Foot Venue Generates Seven Figure Revenue and Six Figure Owner Earnings.

Williamsburg is in Kings County and is one of the best places to live in New York. In Williamsburg there are a lot of bars, restaurants, coffee shops, and parks. Williamsburg is a hip neighborhood in Brooklyn that draws the young and the fashionable to its chic boutiques, trendy cafes and packed restaurants. Street art brightens residential thoroughfares and repurposed factories, while the waterfront provides stunning views of Manhattan and seasonal venues for outdoor concerts and food markets. Dance clubs, happening bars and music halls liven up the nightlife scene With its densely populated Affluent Urban New York Crowd, surrounded by massive amounts of development with new condos and apartments opening every month, all within walking distance, this profitable Restaurant and Bar for Sale stays busy all the time.

The Restaurant and Bar for Sale has been open and operating for over eight years. Although Covid had a temporary impact on business continuity, sales and profits are quickly returning to, and sometimes exceeding, 2019 levels. Sales were $1.4 Million yielding the owner over $130,000 in Discretionary earnings with plenty of upside. The location is a total of 3800 Square Feet and can accommodate over 90 guests inside and out. The location cannot be beat on a busy corner within walking distance of two major subway line entrances. With options to renew, there is over 10 years remaining on this amazing below-market lease rate of only $9200 Per month. Including all other occupancy costs, that comes to only $36 Per square foot gross rent. The lease alone brings unparalleled value to the acquisition.

No expense was spared when building out this profitable Restaurant and Bar for Sale. In today's economy it would cost many hundreds of thousands of dollars to duplicate this location. Instead, buy this existing and successful location with years of operation, loyal customer base, unbeatable reputation for great drinks and delicious menu...and unbeatable lease terms. Contact your restaurant brokers at We Sell Restaurants today. Interested buyers will be asked to E-Sign a Confidentiality Agreement and provide $200,000 in verifiable liquidity prior to receiving details on this one-of-a-kind opportunity.

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Property Features and Assets:

True 3 shelf upright freezer Custom build food and keg beer walk in cooler 20 tap custom draft beer system plus cleaning keg Cold storage room for bottle beer Bun coffee mill Fetco dual drip coffee maker 2 luxus insulated drip coffee dispensers 25 steel shelving units for dry storage Tprep station kitchen cooler New 2022 Beverage Air prep station kitchen cooler Jumbo 6 door true kitchen cooler Southbend 2 burner range oven flat top combo Avantco large 2 basket fryer 6 months old 3 bay kitchen sink 5 new 2022 fire extinguishers Avantco back bar 3 door bottle cooler Avantco 2 door back bar prep 2 door cooler new 2021 La Marzocco 2 unit espresso machine Espresso Italiano electronic grinder Frosty Factory 2 compartment frozen drink machine new 2020 Bar glassware Upserve POS system with iPads and 2 FOH printers and one Kitchen printer and 2 registers Onkyo sound amp with speakers New 2022 12 foot professional Champion custom built shuffleboard table with pucks 18 custom built tables steel and reclaimed wood of various sizes 20 bar stools with backs 10 table stools 12 dining chairs 4 leather banquet seats 2 seaters Custom built 11 foot free standing bar rail 45 foot custom built horseshoe bar seats 20 resurfaced 2020 Custom built center bar with liquor shelving 26 foot custom built steel covered porch for outdoor seating 12 to 16 seats 3 custom built high top booths 4 floor lamps Bar well station with ice bin dump sink and liquor bottle trays 3 AC units 1 split AC unit Custom storefront with operating windows 2 Samsung 65in flat screen TV’s new 2018 Plates baskets silverware etc

Market Competition and Expansion:

Corner store in hottest neighborhood in Brooklyn. right next to two major trains, L and G, Centrally located. Under market rent with 11 years left.

Reason for Selling:

Other

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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