PRICE REDUCTION.Neighborhood Bar. Great Upside. Owner Must Sell.

Brooklyn, NY (Kings County)

PRICE REDUCTION.Neighborhood Bar. Great Upside. Owner Must Sell.
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Asking Price: $125,000

Cash Flow: $201,000

Gross Revenue: $600,000

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $4,000 /Month

Established: 1979

*not included in asking price.

PRICE REDUCTION.Neighborhood Bar. Great Upside. Owner Must Sell.

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Business Description

Accepting ALL offers.
Neighborhood Bar with 4 am license.
Main street location with high visibility.
Great condition and inviting atmosphere.
Separate party room.
No kitchen but plans have been filed.
Great reputation as a fun weekend party bar.
Lot's of private parties.
Make this your own and grow the business.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 9170834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Brooklyn, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,840
Lease Expiration:
12/31/2030
Employees:
6
Facilities:
1840 SF with 1400 SF basement. Walk-in box with kegs, ice machine and plenty of storage. 10 year lease at $,000/Month with 3% annual increases. Includes real estate taxes. Separate party room for up to 50 people. Newly renovated 3 years ago.
Competition:
Located on high traffic main shopping street. Destination area for restaurants and bars. Draws from surrounding neighborhoods of Flatbush & Marine Park.
Growth & Expansion:
Current owner is well known in the neighborhood. He will introduce the new buyer to his extensive contacts who rent the bar for parties. Start social media to make this bar a venue for up and coming bands, DJ's and karaoke nights. Solid customer base of regulars. Party food catering is done by the restaurant next door and will continue to cater the bar parties. Plans have been filed to install a kitchen.
Financing:
Limited Seller Financing to Qualified Buyer
Support & Training:
Owner will transition
Reason for Selling:
Retiring from bar business.
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Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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