BARBARA PHILLIPS

BROOKLYN, NY (USA)
Role(s):
Founder/Owner/Principal

23

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Location: PARK SLOPE BROOKLYN
Industry: Hospitality
Year Founded: 2008
Number Employees: 1-10 people
Description: FUNDING WANTED GOOD INCOME, CASH FLOW AND CAPITAL GAINS MIXED USE, STORE PLUS 3 FLOORS CAN BUILD ON VIEW OF MANHATTAN FROM ROOF We are looking for funding to purhase a small mixed use business, ground floor store with 3 units over to use as 9 bedrooms, 3 meeting rooms, English Tea Room and Garden and Retaurant. I have collateral and a business friend is wanting to invest $150,000. We need $1,350,000 and can either accept all cash, deposit and mortgage, or 9 investors @ $150,000 each. The mixed use building is in a solid Brooklyn neighborhood close to subways, Prospect Park, Brooklyn Botanic Gardens, Brooklyn Museum, Brooklyn Central Library, 20 minutes from Manhattan, New York. I ran hotel motels in Australia and since 1992 I have owned my own small Manhattan business which pays my bills. It is now well organized leaving me with free time and energy for another project. I own 2 apartments in the neighborhood. I have lived here for 23 years and the mixed use business is only 3 blocks away. (1) 3 x 3 bedrooms,(2) 3 meeting rooms, (3)Tea Room and garden, Restaurant, BBQ (1) 9 bedrooms x $75 = $675 per night x 365 = $246,375 55% $11,292 per month $11,000 break even mortgage and building expenses (2) 3 meeting rooms 40 x $20 = $800 x 365 = $292,000 50% $12,188 per month for Art, Artists, Entertainers, Opera, Music, Writers, Movie Buffs, Quilters, Embroidery, Knitting Gardens, Rock Gardens, Wild flowers, Orchids, Koi, Finance, MMA, Charities, Galas, Fundraisers etc, (3) T room 6 a.m. - 5 p.m breakfast and lunch 30 x $10 plus English Tea with strawberries and cream 20 x $30 = $900 x 365 - $328,500/12 - $27,375 20% profit $5475 per month Restaurant 6 p.m. - 2 a.m. $50 x 60 = $3,000 x 6 days = $78,000 20% profit $15,000 per month Small European style bistro for insiders. i have offer of working partner with own business to work with me on restaurant and gallery I have an investor with high return long established business who would be willing to work with other investors. (URL removed) (Phone # removed)