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Business for Sale Summary

Kosher Restaurant in Kings County, NY - 33041

Business Type: other eating & drinking places,restaurant/ cafes/ diners,bar/tavern/night clubs
Kosher Restaurant in Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $850,000 Down Payment $500,000
Gross Revenues $950,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and $350,000 at 7% for 12 months

Business Description

Very trendy restaurant beautifully designed to attract a very hip crowd. Located on a busy street in Brooklyn, this bar and grill has a great vibe and they have a strong local following. There is a full menu of assorted bar favorites and the kitchen is conveniently located in the back of the main floor. At just over 1500 square feet, the space is an ideal size and the rent is reasonably priced at a bit over $5,000 per month. There are 8 years left on the lease with an additional 5 year extension. The large bar can seat over 12 patrons and there is a full liquor license. 6 beer taps plus a large selection of bottles ensures that all patrons can get their beverage of choice. With 17 flat screen televisions you wont miss a minute of your favorite team. The large basement consists of a walk in fridge, dry storage and an office. There are 16 surveillance cameras which can be monitored from anywhere so you can always keep an eye on the staff. All equipment is fully paid for. This is a MUST SEE for anybody looking for a very profitable turn key business. Please be very discrete when visiting this location since the employees and patrons are unaware of the owners intentions to sell. You must contact Ross Lombardo first to set up an appointment to visit the bar. Please call me at 877-735-5224.

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.