Great Lounge For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $516000
Net Profit / Cash Flow $323577
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Inventory 1000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Seller is willing to train.
Reason for Sale Personal.
Description Very profitable Lounge netting over $300K located on the main avenue. This area continues to grow, once the NY Nets arena is built, according to the seller revenues should double. Comes with a great lease 9 years and a 5 year option with low rent. The lounge offers a variety of entertainment, from comedy night, karaoki, open mic and DJ.
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