Unique Lounge/Bar
New Haven, CT New Haven County
New Haven
Seller's Contact Information
- RE: Unique Lounge/Bar
- Contact: Shawn C Reilly
Quick Facts
| Asking Price: | $39,000 | |
| Annual Revenue: | $300,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $30,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 400,000 | |
| Real Estate: | $0 | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 444533937 | |
| Broker Reference #: | SING |
Business Overview:
A unique opportunity to own a unique bar, the only karaoke bar in the state. The present concept has substantial upside potential first by having an owner operator that could benefit from selling institutional and private parties. This superb down town location in the heart of New Havens entertainment district near Yale, numerous popular restaurants and two new major buildings one apartment, retail and the other huge office building, a Martini bar with karaoke or any lounge/bar concept would work here. The opportunity to buy a $400,000 renovated bar in a location like this for a price like this is truly unheard of contact me ASASP.
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Property Features and Assets:
2,400 stylish square feet, reasonable $4,500 month rent, 120 trendy occupancy, two private karaoke rooms, only karaoke bar in the state, open 6 nights, recent $400,000 complete renovation, state the art sound system , absentee owner, AAA location, excellent for any bar/lounge concept, tremendous upside potential
Market Competition and Expansion:
Competition/Market Pros: Remarkable location Growth/Expansion: Owner operator instituting minor changes to capitalize on this location or change concept all together
Reason for Selling:
Move out of state
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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