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- RE: Bar & Restaurant And Catering With Property Available
- Contact: Ziggy Marszalek
Quick Facts
Asking Price: | $600,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 953433 | |
Broker Reference #: | 22667 |
Business Overview:
Property and Business Summary: Totally Renovated Bar, Restaurant and Catering Facility With Option To Buy Property
Features:
- Design: The restaurant features a classic design with a private catering room.
- Renovations: Completely renovated in 2021, including new furniture, fixtures, and equipment.
- Kitchen: State-of-the-art industrial kitchen.
- Accessibility: Equipped with an elevator servicing all three floors.
- Roof & HVAC: New roof and five new A/C units.
Seating Capacity:
- Indoor: 1st floor – 60+ seats; Upstairs – 70+ seats.
- Outdoor: 40+ seats.
Parking: Ample parking is available with two municipal parking lots directly behind the property and additional parking on both sides of the one-way street, Pennsylvania Ave.
Financials:
- Purchase Price: $2.8 million.
- Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.
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Property Features and Assets:
Location & Size: This elegant bar and restaurant is a three-story property with a total area of 4,500 square feet (1,500 square feet per floor).
Purchase Price: $2.8 million.
Lease Price: $16,500/month, which includes base taxes, CAM (Common Area Maintenance), and key money of $600,000. All inventory is included in the lease price.
Reason for Selling:
Asset Sale.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more New York businesses for sale
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- Sell a business online
- Find a business broker
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