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Business for Sale Summary

High End Wine & Cocktail Bar in New York - 36302

Business Type: assets only sale,misc. retail/non-classifiable,other eating & drinking places,owner financing available,restaurant/ cafes/ diners,bar/tavern/night clubs
Owner Financing
High End Wine & Cocktail Bar in New York
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Financial Information (non-confidential)

General Information
Asking Price $299,000 Down Payment $200,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$200,000 Down and $99K over 3 yrs. @ 7%.

Business Description

Wine & Cocktail Bar with Full Liquor License. Prime location within Kings County, New York. Major Price Reduction! 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 $219K in liquid capital to cover the $200K 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 at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet and meetings must be scheduled by appointment only!

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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.