Well-established restaurant/tavern perfectly located near the Barclays Center, presenting an outstanding conversion opportunity. This two-level space features 800 square feet on each level, hosting a full-service kitchen in the basement, bar and dining room on main floor, and spacious backyard. Accommodating 48 patrons indoors including the bar area, and 32 more in the backyard, this venue is primed for high traffic, especially during events at the nearby Barclay Center.
With an estimated gross sale of $1.2M for 2023 and a full liquor license, the revenue potential here is promising. Two well-maintained restrooms, one being ADA compliant, ensure accessibility for all guests.
Owner is committed to other projects and is ensuring a smooth transition to new owners!
FACILITY: Building is well-maintained
PARKING: No dedicated parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 7 years left on a 10-year option
BASE RENT: $9377 per month with 3.5% escalation per year – Annual taxes are $2,500.
CONCEPT: Currently Restaurant & Bar
SIZE: 800 sq ft first floor / 800 sq ft basement with additional outdoor space
SEATS: 48 inside, 32 outside
HOURS: Open daily 1130a-12a
LICENSES: Full Liquor License
SALES: $1,200,000
ASKING PRICE: $247,000 (For the Business)