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Bar / Nightclub / Live Music Venue
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $862673
Net Profit / Cash Flow $234416
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2005
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training Seller will train
Reason for Sale Personal
Description 6,000 Sq. St. Bar / Nightclub / Live Music Venue for Sale. RUN PART-TIME! Over $1.9 Million was invested into the build-out and business This is a prime location right off a major roadway. They have legal occupancy for 506 patrons, a large outdoor patio, parking for over 150 cars, 2 Large Bars (both with taps) with Granite Bar Tops (2 liquor licenses on premise. NO VIOLATIONS!), 2 Large Ice Machines, 17 TV's, 1 Large Projection Screen, State of the art lighting and sound system (fully equipped sound board for live music and setup for sound guy), a Stage for Live Music / DJ, State of the art Air Conditioning Units, 3 Beautiful Bathrooms (6 Stalls in the women's bathroom, 5 urinals and 1 stall in the men's room). There is a separate staff bathroom next to office downstairs with shower much more... This location is built for volume... whether it is happy hour, live music, a fundraiser, private party, or a catered event.
In 2012 gross sales were approx. $936,000.00 with a net income of approx. $234,000.00. There are 8 years left on the current lease. The owner is looking to move on to his other business. We are looking for serious and experienced buyers with at least $500K in liquid capital for the downpayment, rent security, working capital etc PROOF OF FUNDS WILL BE REQUIRED PRIOR TO RELEASING THE ADDRESS. If you meet the criterion, call or email Mel Vaz today at 631-909-1095.
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