NEW YORK, New York
| Asking Price |
$1,000,000 |
Year Established |
|
|
| Annual Revenue |
$2,300,000 |
Reason for Selling |
|
|
| Annual P/L |
|
Attention |
Ken Stein |
|
| Annual Cash Flow |
$811,000 |
Listing Number |
979064 |
|
| # of Employees |
8 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
This is a one-of-a-kind opportunity to purchase 35% of one of three partners’ share of the business in the heart of New York City. This is one of the hottest neighborhoods in New York City.Low rent of only 5% of sales with a Full Liquor License through 4 am and no food. There are no operational responsibilities of the partner whose shares are being sold, making this a very rare and true 100% absentee opportunity. The purchaser has the option of having a more hands-on approach to grow sales and profits. The sales and earnings represented are for the full bar, and the purchaser should expect approximately 35% of the earnings. All partners are comfortable with this plan and a purchaser will be given the opportunity to meet with the operating partners at the appropriate time. Please refer to listing #15511 when inquiring about this listing.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity