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Business for Sale Summary

Club Restaurant w/Catering for Sale Kings County - 32992

Business Type: restaurant/ cafes/ diners,seller financing available,catering and event planning
Club Restaurant w/Catering for Sale Kings County
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Financial Information (non-confidential)

General Information
Asking Price $690,000 Down Payment $600,000
Gross Revenues $4,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $600,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and balance at 7% over 36 months

Business Description

Come see this gorgeous club/restaurant in the super hip spot in Brooklyn.Grossed $3.9¾ $4.5M a Year first 3 Years Liquor License, Transferable in 2 week, No expense was spared in the design and layout of the space. With an occupancy of 370 people (210 in the main room and 190 on the rooftop),With two custom bars up to 16 sitting each, this 14,000 sq ft space boasts a huge seating and dancing area, two large granite bars, DJ booth, stage and a breathtaking enclosed rooftop lounge. The professionally designed kitchen, All Filed with DOB, is set up to feed a small army and the high end equipment is fully paid for. The build out alone cost well over one million dollars. Full 2 Bars with all plumbing and Refrigerators. 3 Walking Refrigerators,Stage Fully Equipment , Sound , Lasers, Heads , Monitors and central fire system. Modern Interior Rooftop with View , Gazebos with Glass Windows, DJ Booth , Winterized Main Gazebo , Full Equivalent Bar , Professional Kitchen Staff , Bartenders, Waiters. 48 surveillance cameras discretely placed throughout the entire facility allow the owners to view their operation remotely so they can always keep an eye on things. Annual gross sales is $4.5 million and the net is $600k. There is a long 10 year lease in place with a 5 year option. Ready Website, Facebook Page, Instagram! Seller financing is available. To schedule an appointment to see the space, please contact Ross Lombardo at 877-735-5224. Please be very discreet when visiting this business since the employees and patrons are not aware of the owners intentions to sell.

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.