Bar & Restaurant and Catering with Property Available

NOT DISCLOSED, New York

Asking Price $600,000 Year Established
Annual Revenue Reason for Selling Asset Sale.  
Annual P/L Attention Ziggy Marszalek
Annual Cash Flow Listing Number 953433  
# of Employees Business Category Food & Beverage: Restaurants, Fast Food, Deli

Business Overview:

Property and Business Summary: Totally Renovated Bar, Restaurant and Catering Facility With Option To Buy Property

  • Features:

    • Design: The restaurant features a classic design with a private catering room.
    • Renovations: Completely renovated in 2021, including new furniture, fixtures, and equipment.
    • Kitchen: State-of-the-art industrial kitchen.
    • Accessibility: Equipped with an elevator servicing all three floors.
    • Roof & HVAC: New roof and five new A/C units.

  • Seating Capacity:

    • Indoor: 1st floor – 60+ seats; Upstairs – 70+ seats.
    • Outdoor: 40+ seats.

  • Parking: Ample parking is available with two municipal parking lots directly behind the property and additional parking on both sides of the one-way street, Pennsylvania Ave.

  • Financials:

    • Purchase Price: $2.8 million.
    • Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.

Property Features and Assets:

<p>Location & Size: This elegant bar and restaurant is a three-story property with a total area of 4,500 square feet (1,500 square feet per floor).<br></p><p>Purchase Price: $2.8 million.<br></p><p>Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.<br></p>

Market Competition and Expansion:

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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