Profitable Establishments with Two Bars for Sale
Business Description
Profitable dual-bar establishment in New York, NY presents an exceptional opportunity in the thriving hospitality sector. This unique venue features two distinct bars operating under one roof, combining a classic dive bar atmosphere with an intimate speakeasy vibe to attract diverse customer segments.
Established in 2019, this business has built a solid foundation with consistent operations and an established customer base. The venue generates strong annual revenue of $700,000 with seller's discretionary earnings of $100,000, demonstrating healthy profitability in the competitive New York bar scene.
Key Financial Highlights:
- Annual Revenue: $700,000
- Cash Flow (SDE): $100,000
- Asking Price: $250,000
- Current Inventory Value: $3,500
Location & Lease Details:
- Prime New York County location
- 2,200 square feet of operational space
- Monthly lease rate: $5,500
- Long-term lease security through January 2035
Business Features:
- Dual-concept venue maximizing revenue potential
- Classic dive bar appeals to local regulars
- Speakeasy section attracts cocktail enthusiasts
- Established customer base across multiple demographics
- Proven operational model with 5+ years of successful operation
This turnkey opportunity offers significant potential for an experienced operator to build upon the existing foundation. The dual-bar concept provides flexibility to cater to different customer preferences while maximizing revenue streams from a single location. With over 10 years remaining on the lease and strong financial performance, this establishment represents a solid investment in New York's dynamic bar and restaurant market.
Ideal for buyers seeking an established hospitality business with proven cash flow and growth potential in one of the nation's most vibrant markets.
Established in 2019, this business has built a solid foundation with consistent operations and an established customer base. The venue generates strong annual revenue of $700,000 with seller's discretionary earnings of $100,000, demonstrating healthy profitability in the competitive New York bar scene.
Key Financial Highlights:
- Annual Revenue: $700,000
- Cash Flow (SDE): $100,000
- Asking Price: $250,000
- Current Inventory Value: $3,500
Location & Lease Details:
- Prime New York County location
- 2,200 square feet of operational space
- Monthly lease rate: $5,500
- Long-term lease security through January 2035
Business Features:
- Dual-concept venue maximizing revenue potential
- Classic dive bar appeals to local regulars
- Speakeasy section attracts cocktail enthusiasts
- Established customer base across multiple demographics
- Proven operational model with 5+ years of successful operation
This turnkey opportunity offers significant potential for an experienced operator to build upon the existing foundation. The dual-bar concept provides flexibility to cater to different customer preferences while maximizing revenue streams from a single location. With over 10 years remaining on the lease and strong financial performance, this establishment represents a solid investment in New York's dynamic bar and restaurant market.
Ideal for buyers seeking an established hospitality business with proven cash flow and growth potential in one of the nation's most vibrant markets.
About the Business
- Years in Operation
- 6
- Employees
- 8 (4 Full-time, 2 Part-time, 2 Contractors)
- Facilities & Assets
- Two full bars, plus a small kitchen Two separate split mini air units.
Tables, chairs and bar supplies - Website
- https://www.teddysnyc.com/
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,200
- Rent
- $5,500.00 per month
- Lease Expiration
- 1/19/2035
Listing Info
- ID
- 2452080
- Listing Views
- 4
Business Location
Listing ID: 2452080 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. See our full Terms of Use. Learn how to avoid scams.
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