Prime Irish Pub & Grille - Lower Mid Town - 31481 Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,150,000 | Down Payment | $1,150,000 |
| Gross Revenues | $1,700,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $400,000 | Number of FT Employees | Register Free to View |
Financing
$1,150,000 Down and Possible for a qualified buyer.
Business Description
Prime Irish Pub & Grille in Lower Mid-Town. Strong sales rebound in 2021! 2022 continues to trend upwards. This is the best time to get in and ride the recovery wave. This is a spacious 2,000 sq. ft. space with full kitchen and 35 ft. bar. They offer seating for up to 100, in addition to outdoor seating. The bar has a back room with a huge skylight. They offer 24 beers on tap and a full 4 am liquor license. There are 12 years left on lease at a rent of $15K/mth (reduced from $17K/mth pre-covid). In 2019 the business grossed approx. $1,300,000.00 with a cash flow of approx. $250,000.00. In 2021, they grossed $1,500,000. Current rends for 2022 are track even higher. We are seeking a serious and financially qualified buyer. Seller financing is possible. All site visits must be discreet. Please do not speak with anyone when visiting the location. All 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.
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