124 Irving Avenue, Bushwick, NY, 11237
$159,000
Mixed Use
Commercial
, 750 SqFt
Description
Charming Turn-Key Coffee Cafe and Bar in Bushwick! Step into a golden opportunity with this meticulously designed Coffee Cafe and Cocktail Bar, nestled in the heart of the vibrant and trendy Bushwick neighborhood in NY. This establishment isn’t just a business; it’s an experience crafted with expertise and care. With 750 sqft of interior space, a secure 6-year lease with an option to renew, and a manageable monthly rent of $3, 713.15, this cafe boasts high-quality fixtures and furnishings valued at $41, 300, and quality construction investments of $86, 976. Located in a prime spot with excellent visibility and foot traffic, it generates an annual gross income of $180, 000 and a net income of $120, 000, demonstrating substantial profitability. The business has significant growth potential with full-time operations, and comprehensive startup expenses of $153, 105 have been meticulously covered to ensure a seamless transition for new owners. Valued at $71, 095 for its goodwill and market potential, this business is offered at $159, 000, presenting a commercially sound investment that promises financial rewards and the joy of running a beloved local hotspot. Secure your future in the heart of Bushwick today!, Additional information: Business Located At:124 Irving Avenue, Bushwick, NY, fix equip:41300, Leasehold Improvements:86976
More Property Details
Fixtures & Equipment: 41300
Business Age: 2
Approx. Int. Sq. Ft.: 750.00
Heat: ENERGY STAR Qualified Equipment, Hot Water, Natural Gas
Sewer: Public Sewer
Zoning: R6
Listing Information provided courtesy of
Prime America Real Estate Inc
347-725-3142