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Sports Bar & Lounge with Live Entertainment in NY
| Asking Price: | $325,000 | Inventory: | $6,000 ** |
| Gross Revenue: | $623,000 | Real Estate: | n/a |
| Cash Flow: | $92,000 | FF&E: | $195,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
A Sports Bar & Lounge with live entertainment located on a main avenue and prime area of Staten Island, New York. The location offers Sports viewing, Live music and great food and drinks with excellent service. The facility includes 12 flat screen TVs and also offers Darts and a Billiard parlor on the second floor. The business often has theme nights and local entertainers as well as daily specials, which attracts plenty of repeat customers. The business enjoys a wonderful reputation for great entertainment in a cozy atmosphere. The business produces annual sales of approximately $650,000 with a substantial net profit for the current owner. The current owner now wishes to relocate out of the area and will consider financing to a qualified purchaser. This is a super opportunity with seller financing!
About the Business
Year Established:1985
Employees:15 full time -
Facilities:Bar facility consists of 2,500 square feet with a large lounge area, a full kitchen and a seating area on the main floor. An existing lease is available for transfer with 2 addiitonal 5 year options. A liquor license, entertainment approval and ample parking are included in the sale. Monthly rent plus taxes is $5,000.
Market Outlook and Competition:Limited competition is located in this particular area of Staten Island, New York. With onsite ownership and an improved marketing plan this business can be further developed.
About the Sale
Management Training and Support:Seller will provide a complete review period. Sale is subject to the successful transfer and approval of the liquor license.
Reason For Selling:Relocating to Florida and out of the food industry.
Seller Financing:Seller financing is available
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State: New York
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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