Historic NYC Bar and Restaurant - Absentee Run

NY

Seller Financing Available
Historic NYC Bar and Restaurant - Absentee Run
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Asking Price: $160,000

Cash Flow: $58,116

Gross Revenue: $518,411

EBITDA: N/A

FF&E: $7,500

Inventory: $4,000

Rent: $3,102 /Month

Established: N/A

Historic NYC Bar and Restaurant - Absentee Run

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Business Description

This is an opportunity of a lifetime to own a piece of history. This well-known historic bar has huge ties to the local community and a new owner would be in a great position to capitalize on such a fantastic opportunity. This established bar and restaurant is a turnkey operation with management in place allowing the owner operate mostly absentee.

The bar is very inviting and its nostalgic ambiance attracts repeat and new customers. The menu offers popular choices that are hits among customers. The owner has reinvested into the bar and restored the bar's historic attributes. Business revenues have grown over the years, however in the right hands of an experienced operator this bar has “untapped” potential.

Qualified buyers with restaurant experience preferred.

Be prepared to complete a Non-Disclosure Agreement.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
Capitalize on Media and TV publications. Offer local food delivery and expand on catering.
Financing:
Seller Financing Available to Qualified Buyer
Support & Training:
Training and Support will be provided
Reason for Selling:
Owner seeking other business interests
Business Website:
http://nybbinc.com/nda/
Contact Seller

Contact the Seller

(from currently available funds)
 
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Kyle Griffith, CBI

Business Listed By:
Kyle Griffith

The NYBB Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The New York Association of Business Brokers (NYABB).


Sponsoring Broker:
Tony Calvacca, CBI

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