College Sports Bar & Grill in NYC-28197

New York County, NY

Seller Financing Available
College Sports Bar & Grill in NYC-28197

Asking Price:$475,000

Cash Flow:$220,000

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:$80,000

Inventory:$50,000*

Established:N/A

*not included in asking price.

College Sports Bar & Grill in NYC-28197

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Business Description

Right across the street from a major NYC university and its dormitories, this College Sports Bar & Grill with Full Liquor License packs them in almost every night and into the early morning hours during the school year. It's open 11am-2am Sunday-Thursday and 11am-4am Friday-Saturday. There are 17 years left on the lease. All sales are recorded on a POS system. 70% of them are on credit cards, the rest in cash. A separate entertainment room accommodates special events and the overflow of customers during football season from the main bar & grill room. 16 beers on tap, 10 by the bottle. The food menu was just upgraded under a new chef. There's very little competition in the immediate neighborhood. Built from scratch 3 years ago, one of the founding partners passed away and the other two now need to sell, as they each have full time jobs elsewhere. Please be very discreet when visiting, as the employees and customers do not know the business is for sale. If you would like to take the next step, kindly call the listing broker Jay Goldman will make an appointment for you to meet with the sellers and get a full tour of the facilities.

Detailed Information

Inventory:
Not included in asking price
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
375,000.00 Down & The seller will finance $100K at 6% over 24 months
Support & Training:
The seller will train the new owner.
Reason for Selling:
One of the founding partners recently passed away.
Business Website:
http://www.vestedbb.com

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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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