Lounge Partner / Investor For Sale
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1500000
Net Profit / Cash Flow $450000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes as much as needed
Reason for Sale Owner has other business interests
Description .........This is a very high volume latin lounge that has been around for a few years.
.........This is a turn-key opportunity.
One of the promoters is buying out the facility is is looking for an investor/Partner interested in a hands on or passive role. The lounge nets over $450k annually. Its in a very high volume area with a 10 year lease. Looking for $300k convertible note for a partnership, we currently have $200k. This is already a popular lounge, there is also a great opportunity to sell food and open up early afternoon. Please send contact information with questions.
Serious Inquiries only
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