Irish Pub & Grille with Full Kitchen, 35ft Bar, Seating for 100. Sales Rising. Located in Lower Midtown, NY.

Featured on BusinessForSale.com . 6 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

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Business Description

Here's a concise description of the business: This Prime Irish Pub & Grille in Lower Midtown has shown a strong sales rebound in 2021 and continues to trend upwards in 2022. The spacious 2,000 sq. ft. space features a full kitchen, a 35 ft. bar, seating for up to 100 guests, and outdoor seating. The bar has a back room with a large skylight and offers 24 beers on tap with a full 4 am liquor license. There are 12 years left on the lease at a reduced rent of $15,000 per month. In 2019, the business grossed approximately $1.3 million with a cash flow of around $250,000. In 2021, they grossed $1.5 million, and current revenues for 2022 are tracking even higher. The seller is seeking a serious and financially qualified buyer, with the possibility of seller financing. All site visits must be discreet

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