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Listing Details - BAR IN SOHO
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BAR IN SOHO
(Liquor Related Biz, Bar/Restaurant; Liquor Related Biz, Liquor Bar/Lounge; Liquor Related Biz, Tavern)
New York, NY - New York, New York
| Seller Financing: |
No |
| Lender Pre-Qualified: |
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| Listing ID: |
M76899 |
| Status: |
Active |
Listing Details
| Listed Price: |
$595,000 |
| Down Payment: |
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| Total Sales: |
$800,000 |
| SDE: |
$275,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$200,000 |
Included? Yes |
| Real Estate: |
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Included? No |
| Inventory: |
$5,000 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Retirement. |
| Training: |
Seller will train. |
| Financing Terms: |
no financing |
Operations
| Year Established: |
1960 |
| Last Acquired: |
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| Form of Ownership: |
s corp |
| Home Based: |
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| Relocatable: |
No |
| Type of Location: |
Commercial |
| Absentee Owner: |
Yes |
| Online: |
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| Employees: |
Full Time: 10 / Part Time: |
| Managers: |
1 |
| Hours: |
11:30 am - 2am |
| Owner Hours: |
8 |
| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
12/31/2016 |
| Option: |
TBD |
| Lease Terms: |
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| Lease Security: |
$48,000 |
| Monthly Rent: |
$19,448 |
| Square Footage: |
1500 |
| Facilities: |
1500 square feet on a corner location in the Heart Of SOHO .There is a full Basement and the premises has all of the New Equipment that anyone could want. |
Summary
| Business Description: |
This is a lovely corner Bar/Restaurant in the Heart of SOHO in Manhattan. A Friendly Neighborhood vibe, the Bar is approx. 20 Feet long seating 18 people and a Backroom seating 50 . Most appliances and furniture are New. The Full service kitchen has it all (and mostly new). There are several Freezer /Refrigerators in the full basement and ample storage as well as a nice professional office. This is a RARE FIND. And has been in business for over 50 years. For more information please co to : www.lisitenassociates.com, download the NDA and send it in . We will then contact you with the information that you seek. Thank you,www.lisitenassociates.com
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| Historical Summary: |
This Bar has been in business for over 50 years. |
| Owner Qualifications: |
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| Competition: |
This Location always does very well. |
| Potential Growth: |
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