Prime Irish Pub & Grille - Lower Mid Town - 31481 Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $299,000 | Down Payment | $299,000 |
| Gross Revenues | $1,300,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $250,000 | Number of FT Employees | Register Free to View |
Financing
$299,000 Down and Possible for a qualified buyer.
Business Description
Prime Irish Pub & Grille in Lower Mid-Town. Outdoor accommodations have been made due to Covid. If you have liquid funds and patience this is the best time to get in, renegotiate the lease and set yourself up for a goldmine over the next 5 to 10 years. 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 10 years left on lease at a rent of $17K/mth. For a qualified buyer with good credit, the lease and rent are negotiable due to Covid. In the past year the business grossed approx. $1,300,000.00 with a cash flow of approx. $250,000.00. We are seeking a serious and financially qualified buyer with at least $384K in liquid funds to cover the asking price, plus $85K in rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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.
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