Night Club Business for Broker in Kings County, New York

Business:Night Club Business for Broker
County, State: Kings County, New York
Business Type: Bar/Tavern/Night Clubs, Restaurant/Cafes, Other Eating & Drinking Places

Summary Description

Ultra hip nightclub/bar/lounge in one of NYC's hottest, growing neighborhoods: (Brooklyn). Has 2500 sf of lounge space and 1200 outdoor patio in back. Full basement in process of being developed into additional bar area. Has stage for live musical acts (has rare, sought-after Cabaret license), pool tables, along with state of the art bar. Very chic. Incredible opportunity for anyone who knows the industry and NYC. Artists, yuppies dominate area (lots of disposable income). Zoned to be cafe during daytime (though currently closed).

About the Sale

Asking price:$450,000 (USD)

Financing:$150,000 down and $300,000 over 24 months @ 7%

Total Revenues:$227,432 (USD)

Cash Flow:$46,267 (USD)

Reason Selling:Owner has other business interests.

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.