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Business for Sale Summary

Restaurant & Cocktail Bar-Kings County, NY - 30436

Business Type: bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,other food stores,best deals!,new to market,restaurant/ cafes
Restaurant & Cocktail Bar-Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $999,000 Down Payment $999,000
Gross Revenues $1,600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $320,000 Number of FT Employees Register Free to View

Financing

$999,000 Down and Possible for a qualified buyer.

Business Description

Trendy Restaurant Cocktail Bar - Just Outside Manhattan in an ultra-prime area. No detail was overlooked in the build out. This is a truly unique and impressive 3,200 sq. ft. space. They offer seating for 80 inside (110 standing) and 25 outdoors. This is a full-service event venue with on-site catering and a cocktail bar. They offer gourmet meals (breakfast, lunch and dinner), prepared foods, sandwiches, entrees and a cocktail bar (with a beer & wine license). In the past year, the business grossed approx. $1,600,000.00 with a cash flow of approx. $320,000.00. There is a fantastic lease with 11 yrs. remaining at only $12,000/month (under-market for the area). The owner is nearing retirement and looking to slow down. He is seeking an outright sale or would entertain a working partner. We are seeking a serious and financially qualified buyer and/or partner. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.