Popular Irish Pub & Grille For Sale in Lower Midtown, NYC

Featured on BusinessForSale.com . 8 viewed

Asking Price

$1,150,000

FOR SALE - ACTIVE

Detailed Information

Location

New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

A popular Irish Pub & Grille located in Lower Mid-Midtown is up for sale (Listing ID: 31481). After a strong sales rebound in 2021, business continues to trend upward in 2022, presenting an excellent opportunity for potential buyers to benefit from the ongoing recovery wave. The establishment features a spacious 2,000-square-foot layout with a full kitchen, 35-foot bar, seating for up to 100 patrons, and outdoor seating. Additionally, the bar includes a back room with a large skylight, offers 24 beers on tap, and holds a full 4 am liquor license. With 12 years remaining on a lease at a reduced rent of $15,000 per month (from $17,000 pre-COVID), the business previously grossed approximately $1.3 million in 2019 with a cash flow of around $250,000. In 2021, it achieved $1.5 million in gross revenue, with

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