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Asking Price$175,000
Revenue$901,537 Established2010
Cash Flow$146,500 Employees3 full, 10 part
FF&E$30,000 FranchiseNo
Inventory$3,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Established 9 years ago, this cozy NYC Bar and Restaurant is world-renowned for its unique food offerings and first-rate American-made craft beers. It is a beloved hot spot for neighborhood locals and tourists alike. 60% of revenues come from the sale of beer, wine, and hard cider; 40% from food. You may want to apply for a full liquor license to expand your sales. 80% of payments are made on credit cards. The main reason why this listing is being offered at such a bargain to its cash flow is because the kitchen will soon need to be moved from the basement to street level to satisfy regulations recently set forth by the department of buildings for landmark locations. The seller estimates the total cost for renovations at no more than $40K and will fully explain all that's involved upon meeting with you in person. Staff generally consists of 8 PT bartenders, 2 FT cooks, 1 FT dishwasher (who can also serve as a cook and food runner), and up to 2 other PT kitchen workers. Thelandlord stands ready to round up the existing lease to at least 8 years. This bar restaurant is located very near to a major NYC hospital complex and attracts many customersfrom there. Please do not say anything to the employees or customers when visiting this location, as they do not know it's for sale. Kindly then contact its listing broker, Jay Goldman, to make an appointment to meet with the seller to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached by text or phone at 917-912-3282 or email at jaygoldman@vestedbb.com. Please first go to www.vestedbb.com to become a premium buyer under listing 32702, in order to obtain the name and address.

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Training/Support:seller will train
Seller Financing:75,000.00 Down & $100,000.00 at 6% over 24 months
Sale Reason:Moving overseas to pursue other interests
Ad #114556
Seller Reference #32702
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Vested Business Brokers
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