AMAZING EAST VILLAGE BAR AND LOUNGE
Manhattan, New York
Listed Price: $ 295,000
Listing ID: XM8880510
Listing DetailsDown Payment: $ 150,000
Gross Revenue: $ 1,200,000
Cash Flow: $ 225,000
FFE: $ 200,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:
RETIREMENT- OWNER HAS OTHER CAREER
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
"Delicious Playful Moments" NYC nightlife
Cozy AMAZING French Bar & Lounge brings a Parisian touch to the East Village New York City night club and downtown Manhattan BAR / LOUNGE scene. A playful 2 level event/birthday space boasts a 250 person capacity and a 3,000 square foot night club with 3 uniquely designed lounges with weathered wood, gold ceilings, exposed brick walls and shadowy chandelier glow of a chateau: The Den upstairs has pillow-lined banquettes with dimly lit chandeliers and a huge red lampshade in the open air storefront. Below the restaurant down a hidden staircase there is a two-room basement comprising of Candle Lounge and a Gold Room outfitted with antique mirrors, gold painted seclusive nooks and private spaces: The mood suggests mischievous fun.
A WELL-KNOWN CHEF wields a French cuisine menu inspired by the Parisian roots and palate. À la carte,
THIS AMAZING BAR/ LOUNGE offers a private event space in Downtown/LES New York City to host anyone's next birthday party, anniversary, corporate event, product launch party or elegant dinner. They boast a beautiful, romantic, private bi-level space an excellent French wine selection, open bar packages, and a variety of DJ and entertainment options...with affordable pricing.
Historical Summary:
In business since 2003 , this AMAZING VENUE has become an East Village Landmark.
Owner Qualifications:
Restaurant and Business Experience a Plus.
Competition:
None in this category
Potential Growth:
UNLIMITED. OPPORTUNITIES TO FRANCHISE THE CONCEPT NATIONWIDE
Financing/Terms:
NEGOTIABLE
LocationLease Expire: 0000-00-00
Option: NEW 10 YEAR LEASE
Lease Security: 0
Monthly Rent: $ 19,000
Square Footage: 3800
Facilities:
AMAZING 3800 SQUARE FOOT French bistro & lounge
Located in the heart of the Lower East Side, The Business offers touches of modern burlesque, old world chateau and humble red brick. Three candle sconce-lined rooms are designed to create an inviting lounge space with many secluded nooks.
Extraordinary events and successful entertaining are hallmarks at this venue. Book with them to ensure seamless organization, creative flare and professional dedication. They welcome all affairs: birthday parties, anniversaries, charity fundraisers, movie premiers, corporate events, product launches, holiday receptions, networking receptions, and other special gatherings.
THIS AMAZING BUSINESS features:
• Capacity 250 • Projectors?• 3 Plush Rooms Each seating up to 65?• 2 Fully equipped DJ stations?• Small Stage with mini PA system?• WiFi Capable?• Private Access to each room?• 2 Full Bars (4 stations), 1 Service Bar?• Creative Entertainment Programs
OperationYear Established: 2003
Days & Hours of Operation: FRI-SAT 11AM-4AM / SUN 11AM-12MID / TUES-THURS 5PM-12MID
Owner Hours: 25
Employees: Full Time: 23
Managers: 2
Absentee Owner: No