This is a one-of-a-kind opportunity to purchase 35% of one of three partners’ share of the business in the heart of New York City. This is one of the hottest neighborhoods in New York City. Low rent of only 5% of sales with a Full Liquor License through 4 am and no food. There are no operational responsibilities of the partner whose shares are being sold, making this a very rare and true 100% absentee opportunity. The purchaser has the option of having a more hands-on approach to grow sales and profits. The sales and earnings represented are for the full bar, and the purchaser should expect approximately 35% of the earnings. All partners are comfortable with this plan and a purchaser will be given the opportunity to meet with the operating partners at the appropriate time. Please refer to listing #15511 when inquiring about this listing.
- Asking Price:
- $1,000,000 Furniture / Fixtures included
- Sales Revenue:
- $2,300,000
- Cash Flow:
- $811,000
Property Information
- Real Estate:
-
Lease
Other Information
- Furniture / Fixtures value:
- $300,000 - included in the asking price
