New York Restaurant Bar Lounge Huge Price Reduction For Sale

Business description

Re-Priced to Sell Immediately. Popular Restaurant Bar Lounge in the Heart of the West Village (right across the street from an about to open upscale landmark hotel and surrounded by college dorms). A Full Liquor License (which is almost impossible to obtain nowadays in this historical section of Greenwich Village) was granted in February 2011, leading to average monthly revenue gains of 40% and growing. Mobbed on Thursday, Friday and Saturday Nights, since installing a Brand New Bar on July 4th. Owners project an annual revenue run rate of over $700K ($60K/mo) within a year and for their Owners' Discretionary Cash Flow to Double to $250K , as they were also recently approved for Live Music 7 days/week from previously only Th-Sat. Everything is top of the line here, including the sound system, flat screen TVs, furnishings, lighting, refrigerators, ice maker, espresso machine and coffee maker. Low Rent -- Long Lease -- Cash Buyers Only -- Proof of Funds a must. Step right into Your Own Private Goldmine. Sellers have new out-of-state projects they need to focus on. This kind of opportunity doesn't come around that often.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Owners want to leverage their success

Employees:

2/2

Years established:

2010

Other information

Support & training:

seller will train

Financing available:

350,000.00 down & CASH BUYERS ONLY

Furniture / Fixtures value:

$35,000

Inventory / Stock value:

$12,000