Description

Beautiful Bar/ Restaurant with Heated Backyard for Sale!

Year Established: 2005

This is a popular local hotspot located in Greenpoint, Brooklyn with the vibe and look of an upscale Manhattan Bar and Restaurant. The place features old mahogany bar accents with high ceilings that add to a classic look with a modern atmosphere. The dining room incorporates modern furniture and decor and the heated backyard has an elegant and classic feel, combined with serenity and ambiance. The business has to be sold quickly due to a sudden divorce. The place is enormously known for its private parties such as birthdays, weddings, bridal showers, baby showers, christenings, communions and company Christmas parties. The building is owned and also for sale with the business. The price of this great opportunity is just a fraction of the actual cost to build a restaurant of this quality. The facility is equipped with a central alarm system as well as 16 security cameras (inside and outside) which can be controlled from work or home. A professional DJ Booth and special effect lighting system is also available. In addition there are several other features: a central heating and air conditioning system, 7 LCD TV’s, a six foot commercial BBQ, six Gazebos, 2 Italian style fountains, 2 walk-in refrigerators, office space, three separate storage rooms, separate area for compressors with brand new gas lines/ meters/ box for electricity. This is truly an amazing space with great potential in a rapidly growing dynamic neighborhood. It is a Must See! Please contact us for a private showing to view this full service restaurant.

Facilities: This is a 2800 sq ft leased inside space with an additional 1350 sq ft outdoor backyard with hooked up gas heaters. The entire facility is in great condition and features: a fully equipped kitchen, main dining room, bar area, a basement and backyard. There are 5.5 years remaining on the current lease with the option to renew. The monthly rent is $3000 and the seating capacity is 125 (inside 75, backyard 50). The place is equipped with a full liquor license.

Competition: Since the restaurant is well known and established in the neighborhood, the competition is little. The bar is also well known for featuring different events every weekend as well as private parties of any kind.

Growth/Expansion: The growth potential for this business is promising. Extended hours would increase the sales. The right owner can increase business by advertising and promoting. The current reputation for catering private parties is booming…

Support/Training: Owner will train!

FF&E: $150,000*

Reason Selling: Divorce

* included in the asking price

** not included in the asking price