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Business for Sale Summary

College Sports Bar & Grill in NYC - 28197

Business Type: entertainment,other eating & drinking places,restaurant/ cafes,best deals!,new to market,seller financing available,bar/tavern/night clubs
College Sports Bar & Grill in NYC
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Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $500,000
Gross Revenues $1,332,299 Lease Remaining Register Free to View
Owner’s Cash Flow $250,806 Number of FT Employees Register Free to View

Financing

$500,000 Down and The seller will finance $100K at 6% over 24 months

Business Description

Right across the street from a major NYC university and its dormitories, this College Sports Bar & Grill with Full Liquor License packs them in almost every night into the early morning hours during the school year. Open 11am-2am Sunday-Thursday and 11am-4am Friday-Saturday. There are 17 years left on the lease, inclusive of options. 73% of sales are on credit card, the rest in cash. A separate entertainment room accommodates events Saturday nights and for the the overflow of customers during football season. 16 beers on tap, 10 by the bottle. The food menu was just upgraded under a new chef. Very little competition in the immediate neighborhood. Built from scratch 3 years ago, one of the founding partners passed away and the other two now need to sell, as they each have full time jobs to which to tend away from this College Sports Bar & Grill they helped create. All sales are recorded on a POS system. Please be very discreet when visiting, as the employees and customer do not know the business is for sale. If you would like to take the next step, the listing broker will make an appointment for you to meet with the sellers soon afterwards. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.