35% Passive Partnership In A New York City Bar
New York, NY New York County
NYC
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- RE: 35% Passive Partnership In A New York City Bar
- Contact: Ken Stein
Quick Facts
| Asking Price: | $1,000,000 | |
| Annual Revenue: | $2,300,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $811,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $300,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 8 | |
| BBN Listing #: | 979064 | |
| Broker Reference #: | 15511 |
Business Overview:
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.
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Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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