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Established Bar With Kitchen And Basement For Sale

Bronx, New York, US
Asking Price:
$249,000 Furniture / Fixtures included
Sales Revenue:
$800,000
Cash Flow:
$175,000

HS Listing ID-39836

25-30 seats in front.

Back room with private bar, extra bathroom and entrance- seats additional 40 people.

Basement for storage with walk in box /and draft system.

4-5 employees.

Does parties frequently especially during holidays.

Lease is 9900/month- 3 years left, can get fresh 10 yr from LL for qualified buyer.

15k-18k weekly CASH ONLY, Peak weeks and with parties 25k.

Did 20k Thanksgiving, just Thanksgiving weekend.

Kitchen is existing but only open weekends and for parties, high demand for lunch and daytime.

Has 6 burner and pizza oven, Lowboy and 3 compartment sink.

Small seller note possible for buyers with existing locations.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

3 years left then 10 year option.

Leasehold Rent:

$118,800 per annum

Business Operation

Expansion Potential:

Kitchen is existing but only open weekends and for parties, high demand for lunch and daytime.

Competition / Market:

15k-18k weekly CASH ONLY, Peak weeks and with parties 25k.

Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Yes.