Neighborhood Sports Bar & Restaurant (Queens, NY)

Price: $90,000

Location: Bellerose, NY

Industry: Bars & Restaurants

Listing ID: 1557768

Listing Description

MOTIVATED SELLER! MAKE AN OFFER TODAY!

This boutique sports bar and restaurant business is a neighborhood gem with prime location and under market lease with a loyal customer base and significant upside potential. It offers a unique concept and is located on a street with another well known complementary business without a liquor license. This business holds a liquor license that can serve from 11am to 4am. Close proximity to a 2-3k residential community.

Listing Details

Down Payment: $90,000

Total Sales: $260,000

Cash Flow: $60,000

FFE: $100,000 (Included in Price)

Inventory: $3,500 (Included in Price)

Reason For Sale:

Relocation

Training & Support:

Seller will train for 3 weeks at no cost.

Operation

Year Established: 2017

Employees: 2

Location

Monthly Rent: 3000

Square Footage: 1400

Facilities Information:

The bar area is approximately 700 sq ft, plus an additional 700 sq ft for the back kitchen. There is also a large 1200 sq ft basement.

Summary

Competition:

Unique concept in high traffic area with loyal customer base . Located on a street with a highly patronized complementary business that lacks a liquor license. Maintains a liquor license with rights to serve alcohol from 11am to 4am. There is an opportunity to expand the bar and restaurant an additional 700 sq ft by leasing the real estate next door. Below market lease.

Potential Growth:

The new owner has numerous ways they can grow the business, including extension of business hours, offering a lunch menu, increasing online presence, sales and delivery. Currently there is no marketing being done.