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Wine & Cocktail Bar In New York For Sale

New York, US
Asking Price:
$375,000
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

LISTING ID # 36302

Wine & Cocktail Bar. Prime location within Kings County, New York. This is one of the hottest areas in Brooklyn. The owners spared no expense in building out this gorgeous 1,800 sf wine and cocktail bar. They feature wines from small, independent producers around the world, many of which are biodynamic or organic. The space includes a bar with a full liquor license and basic electric kitchen (no hood). The main floor is 1400 sq with a 400 sq basement with kitchen. Inside, there are 60 seats, plus 8 at the bar. There is additional, outdoor, covered seating for 24 currently. That can be expanded to 48 seats, as needed. Both owners spent over $700K building out the space, but they have full-time jobs and are not able to be hands on with the business. They realize the best decision would be to sell it to someone who could follow their vision or bring in their own concept. They opened just 1 year ago and grossed approx. $259,686.96 in that time. Sales continue to grow, but the owners cannot burn the candle at both ends. We are seeking for a serious and finically qualified buyer with at least $269K in liquid capital to cover the $250K down payment and $19K rent security deposit. Proof of funds will be required before any buyer-seller calls or meetings will be scheduled. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet and meetings must be scheduled by appointment only!

Business Operation

Reasons for selling:

Not enough time to be there

Employees:
1 FT
Years established:
1

Other Information

Support & training:

Seller will train

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

200,000.00 Down & $175K over 4 yrs. @ 7%

Furniture / Fixtures value:
$67,000