Profitable Multi-Level Restaurant and Bar for Sale Located in Vibrant and Desirable Williamsburg, Brooklyn. Open and Operating for Eight Years on the Corner of one of the Hottest neighborhoods in New York. Centrally Located within Walking Distance of two major Subway lines. Below Market Rent with Over 10 years remaining on Lease. 3500 Square Foot Venue Generates Seven Figure Revenue and Six Figure Owner Earnings.
Williamsburg is in Kings County and is one of the best places to live in New York
. In Williamsburg there are a lot of bars, restaurants, coffee shops, and parks. Williamsburg is a hip neighborhood in Brooklyn that draws the young and the fashionable to its chic boutiques, trendy cafes and packed restaurants. Street art brightens residential thoroughfares and repurposed factories, while the waterfront provides stunning views of Manhattan and seasonal venues for outdoor concerts and food markets. Dance clubs, happening bars and music halls liven up the nightlife scene With its densely populated Affluent Urban New York Crowd, surrounded by massive amounts of development with new condos and apartments opening every month, all within walking distance, this profitable Restaurant and Bar for Sale
stays busy all the time.
The Restaurant and Bar for Sale has been open and operating for over eight years. Although Covid had a temporary impact on business continuity, sales and profits are quickly returning to, and sometimes exceeding, 2019 levels. Sales were $1.4 Million yielding the owner over $130,000 in Discretionary earnings with plenty of upside. The location is a total of 3800 Square Feet and can accommodate over 90 guests inside and out. The location cannot be beat on a busy corner within walking distance of two major subway line entrances. With options to renew, there is over 10 years remaining on this amazing below-market lease rate of only $9200 Per month. Including all other occupancy costs, that comes to only $36 Per square foot gross rent. The lease alone brings unparalleled value to the acquisition.
No expense was spared when building out this profitable Restaurant and Bar for Sale. In today's economy it would cost many hundreds of thousands of dollars to duplicate this location. Instead, buy this existing and successful location with years of operation, loyal customer base, unbeatable reputation for great drinks and delicious menu...and unbeatable lease terms. Contact your restaurant brokers at We Sell Restaurants
today. Interested buyers will be asked to E-Sign a Confidentiality Agreement and provide $200,000 in verifiable liquidity prior to receiving details on this one-of-a-kind opportunity.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this . For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Steve Weinbaum at (770) 714-4552
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