Free Consultation 212-473-5000
Business Sales & Acquisitions

Irish Bar – Classic

Price: $125,000

Location: Queens, New York

Industry: Food and Restaurants

Listing ID: 00176

Established neighborhood bar on Main Street in Astoria. This Pub is running and ready for new owner. The reason being that the owner is graduating to bigger projects, but he will assist the buyer with all they need as he would like to see it succeed and become more and more successful.

This Bar first established 70 years with a kitchen room ready to be set up.

Live music on weekends, weekly dart league meetings, and open mic nights for this pub in this nice middle class neighborhood as it becomes more and more popular.

Listing Details

Down Payment: $70,000

Gross Revenue: $300,000

Cash Flow: $100,000

FFE: $20,000 (Included in Price)

Inventory: $5,000 (Included in Price)

Reason For Sale:

Seller would like to focus on other businesses.

Training & Support:

Will provide as needed.

Operation

Year Established: 1956

Year of Last Acquisition: 2013

Days & Hours of Operation: 7 days a week

Owner Hours Per Week: 20 hours

Non-Owner Payroll: $2,800

Employees: 3FT, 7PT

Location

Security on Lease: 8000

Monthly Rent: $ 3,800

Type of Location: Stand Alone

Square Footage: 1200

Facilities Information:

Poker machine provides $1000 profit per week.

Summary

Potential Growth:

New owner can improve business with unused kitchen room.

Financing/Terms:

Available to the right buyer.