World Trade Center Bar & Restaurant

New York, NY (New York County)

Seller Financing Available
Ground Floor Bar
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Asking Price: $450,000

Cash Flow: N/A

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: N/A

Inventory: $25,000

Rent: $28,000 /Month

Established: 1988

World Trade Center Bar & Restaurant

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Business Description

This financial district bar and restaurant is a downtown Manhattan institution that is located steps from the World Trade Center, the Oculus & the 9/11 Memorial. We serve our loyal patrons on two floors, each with a sizable bar and dining areas, full liquor license, and are open seven days a week. Both floors have frontage on Greenwich Street, which is a main throughway for foot traffic from office workers, tourists and business travelers. We are surrounded by six major hotels within 100 yards, many of which have opened recently as the area has seen a major resurgence. We have a solid 30 year reputation in the neighborhood as our founders were NYC firemen. We are looking to continue our strong legacy and pass it on to the next generation of qualified owners. Full financial transparency will be discussed in detail for serious inquiries. Open to co-brokering.

Detailed Information

Location:
New York, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,200
Lease Expiration:
8/31/2033
Employees:
18
Facilities:
The first floor is newly built with a granite and mahogany bar that seats 20, dining areas that seat 75 and a service area. The second floor has a speakeasy feel with a mahogany bar that seats 30, dining areas that seat 75 and a fully equipped vented kitchen. Full access to a clean and sizable basement, which is set up with prep areas, offices, refrigeration, beer and dry storage. Both public floors have ADA compliant bathrooms (5 in total) and there is an elevator in the hallway for easy access to the second floor.
Competition:
This booming area is just south of the World Trade Center, the 9/11 Memorial. the Oculus, Fulton Street Transport Hub, and Brookfield Place. Very close proximity, within 100 yards to all, to the W Hotel, two large Marriot's, Fairfield Suites, the Holiday Inn & Club Quarters hotels. Since a new school is being built on the next avenue, no further liquor licenses will be granted in the area. This location is ideal for a single location enterprise or a restaurant group.
Growth & Expansion:
We have 15 years remaining on our lease with very significant growth upside as new major office buildings are opening nearby over the next 6 months. Six international chain hotels are operating within 100 yards and additional residential towers are opening soon. Greenwich Street, which bisects the World Trade Center, is undergoing a major boom that will continue for years. Delivery to all the above is an option as there is ample space to set up a delivery station.
Financing:
Owner will finance up to 33%
Support & Training:
One of the partners is the General Manager and can remain onboard during transition or long term as needed. The experienced staff is fully trained and qualified and most have been with the establishment for years. Your team will deal directly with the ownership to ensure a smooth transition. The landlord has been advised of our intentions and is cooperative and supportive.
Reason for Selling:
Four partners, one unfortunately passed away and two others are moving.
Franchise:
This business is an established franchise
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Michael Annese

Business Listed By:
Jon Henry Quinones

Dealstarr

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