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College Sports Bar & Grill For Sale in NYC

7/wk
New York County, New York, United States
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Asking Price$600,000
Revenue$1,332,299 EstablishedUndisclosed
Cash Flow$250,806 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 into the early morning hours during the school year. Open 11am-2am Sunday-Thursday and 11am-4am Friday-Saturday. There are 17 years left on the lease, inclusive of options. 73% of sales are on credit card, the rest in cash. A separate entertainment room accommodates events Saturday nights and for the the overflow of customers during football season. 16 beers on tap, 10 by the bottle. The food menu was just upgraded under a new chef. 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 to which to tend away from this College Sports Bar & Grill they helped create. All sales are recorded on a POS system. Please be very discreet when visiting, as the employees and customer do not know the business is for sale. If you would like to take the next step, the listing broker will make an appointment for you to meet with the sellers soon afterwards. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:500,000.00 Down & The seller will finance $100K at 6% over 24 months
Sale Reason:One of the founding partners recently passed away and the other ones now need to sell.
Ad #81027
Seller Reference #28197
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Contact This Seller
Jay Goldman
1-877-735-5224
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