Jonathan D
Bronx, NY (USA)
Role(s):
Other
Beer Cafe
Find More Startups
Startup
Location:
Ridgewood
Industry:
Food Service/Restaurant
Year Founded:
2017
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
New Comapny looking to acquire existing business that is open for business.
Key Points for Business Acquisition.
10+ Years In Retail and Restaurant Management
Loan to acquire and existing and operating bar in Flushing Queens. (Turnkey Sale)
Re-invent to bar experience buy making it a healthy option.
The Monthly Bank Statement Revenue is 10k per month (breaks even), that doesn’t include the cash intake. Cash intake is equal to or greater than the 10k per month.
The cash flow is based on a 1pm to 2am hours of operation. We will immediately open from 6am -2am (M-F) and 8am -4am (Sat - Sun) upon acquisition.
Average annual revenue is 120,000 a year. Adding the cash and change of hours will increase revenue by 85%
Rent is 3750 per month
Looking for 100,000. $85,000 for sale and 15k used for working/ transition capital.
It is an asset sell that includes all inventory, fixtures, equipment, website, branding, bank account and goodwill.
The location is newly remodeled and doesn’t need any structural changes