Great bar-lounge in NYC doing $20K/wk run absentee-nets $250K

Manhattan, NY (New York County)

Seller Financing Available
Great bar-lounge in NYC doing $20K/wk run absentee-nets $250K

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:$1,000,000

EBITDA:$250,000

FF&E:$50,000

Inventory:$15,000*

Lease Rate/Sq. Ft.:N/A

Established:2003

*not included in asking price.

Great bar-lounge in NYC doing $20K/wk run absentee-nets $250K

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Business Description

This bar-lounge is in a great location in Manhattan. With many different events and promotions they are doing $20,000 per week in business. The business is run absentee and it still is netting $250,000 per year. An active owner can easily increase the bottom line. For more detailed information and to view this moneymaking opportunity contact John K. of All County Business Brokers, Inc. at 516-935-6411.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2500 Sq Ft fully equipped bar-lounge with kitchen including pizza ovens. 7 years remaining on current lease with the possibility of extending it.
Growth & Expansion:
Business is run absentee so an active owner will easily increase business.
Financing:
Owner will hold notes for the right buyer with half down
Support & Training:
Owner will assist to make a smooth transition.
Reason for Selling:
Involved with other businesses.

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John Kuchcicki

Business Listed By:
John Kuchcicki

All County Business Brokers Inc.

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