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College Sports Bar & Grill For Sale in NYC

New York County, New York, United States
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Asking Price$440,000
Revenue$1,200,000 EstablishedUndisclosed
Cash Flow$200,000 Employees5 full, 9 part
FF&E$80,000 FranchiseNo
Inventory$50,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
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 and 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, and he will make an appointment for you to meet with the sellers and get a full tour of the facilities. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:360,000.00 Down & The seller will finance $80K at 6% over 24 months
Sale Reason:One of the 3 founding partners recently passed away and the other two now need to sell as they each
Ad #81027
Seller Reference #28197
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Jay Goldman
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