Last Revised: 8/21/19. Posting #: 10249008
Key Words: bars, cafe, new york city, new york
Financial Info: Asking Price: $160,000. Cash Flow: $58,116. Gross Revenue: $518,411. FF&E: $7,500. Inventory: $4,000. Rent: $3,102/month.
Profile: This is an opportunity of a lifetime to own a piece of history. This well-known historic bar has huge ties to the local community and a new owner would be in a great position to capitalize on such a fantastic opportunity. This established bar and restaurant is a turnkey operation with management in place allowing the owner operate mostly absentee.
The bar is very inviting and its nostalgic ambiance attracts repeat and new customers. The menu offers popular choices that are hits among customers. The owner has reinvested into the bar and restored the bar's historic attributes. Business revenues have grown over the years, however in the right hands of an experienced operator this bar has “untapped” potential.
Qualified buyers with restaurant experience preferred.
Be prepared to complete a Non-Disclosure Agreement.
Inventory: Included in asking price.
Real Estate: Leased
Building Size: 2,500 sq. ft.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price.
Growth & Expansion:
Capitalize on Media and TV publications. Offer local food delivery and expand on catering.
Financing: Seller Financing Available to Qualified Buyer.
Support & Training: Training and Support will be provided.
Reason for Selling: Owner seeking other business interests.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: Deal Team was founded with a mission to provide breakthrough professional business brokerage services to small and mid-size businesses. Our professional and practical approach to business sales brings a level of service to middle-market businesses that is regularly experienced by larger companies.
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Profile: Sugaer is a strategic business advisory firm that helps business owners start and grow great businesses, and exit at maximum value. Our firm works with organizations across the business lifecycle, positioning them to prosper over the long term. Expertise in growth/value building, M&A, due diligence.
Key Words: russell logan, sugaer, business intermediary, mergers and acquisitions intermediary, due diligence, consultant, value building, bakery, cafe
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
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Profile: Tony Calvacca is a Managing Partner and Principal of the NYBB Group and a Certified Business Intermediary (CBI) with the IBBA. Tony provides M&A and Business Brokerage services to business owners of privately held companies with annual revenues in the $5 million to $50 million range.
Key Words: tony calvacca, the nybb group, business broker, business intermediary, valuation, business valuation, consultant, bagel, cafe, gift, toy, novelty, suffolk
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Key Words: selling a business, buying a business, sell a business, buy a business, purchase agreements, purchase agreement, inventory, inventories, value, valuation, valuing a business, selling price, restaurants, restaurant business, online businesses, ecommerce, goodwill, sales multiples, equipment, jordan green
Profile: Business value has a different meaning depending on the purpose of the parties involved in the transfer. John Byrne, CPA, Business Valuation Expert explains three different methods for valuing a business: Investment Value, Fair Market Value and Fair Value.
Key Words: business valuation, valuing a business, selling a business, sell a business john byrne
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Key Words: postings, posting, peter siegel, advertising
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