Chef’s Dream – New $275K Build-Out in Brooklyn

Capitalize off of a brand new $275K buildout for this Brooklyn gem!

Step into a chef's paradise nestled right by Prospect Park in Brooklyn, NY. This newly renovated tavern bar is the ultimate canvas for your culinary vision, boasting brand-new equipment and appliances—all purchased in 2023. Owners’ initial renovation cost is $275K. The state-of-the-art kitchen features two double-door fridges, a stove, convection oven, salamander, low boy, De'Longhi espresso machine, small fridge, single-door kitchen fridge, and under-bar glassware. With a 3-compartment sink, new ansel piping, and updated ductwork on the roof for the hood and exhaust, the kitchen is designed for efficiency and safety. The brand-new Toast POS system streamlines operations, while the Sonos hardwired stereo system sets the perfect ambiance.

Guests will be welcomed by a resurfaced bar adorned with new tile, gleaming new wood floors, and interior wood restoration that highlights the tavern's character. You will see vintage custom restaurant tables, antique Hitchcock dining chairs and brand-new custom captain’s chairs and barstools. The space includes two bathrooms, one of which is ADA compliant, ensuring accessibility for all patrons. The renovated basement—with new drywall, ceilings, and floors—offers additional functional space. Climate control is a breeze with the new HVAC system and a heat/AC unit on the roof. The exterior shines with facade repairs and fresh paint, inviting guests in. This is more than just a location; it's a turnkey opportunity to bring your culinary dreams to life in one of Brooklyn's most vibrant neighborhoods.

PARKING: Street & city parking
EQUIPMENT: Equipment is brand new. All equipment purchased in 2023.
LEASE TERM: New 10-year lease term plus 5-year Option that started in March of 2023.
BASE RENT: $5150 per month with 3% yearly increases.
CONCEPT: Tavern / Restaurant
SEATING: 47 Seats with limited outdoor seating.
SIZE: Approximately 900 Sq Ft bar / restaurant with 400 sq ft kitchen with 400 sq ft basement.
HOURS: Open 7 days/week 5pm-10pm – Lunch at Noon on Friday & Brunch on Sat & Sun at 11am.
LICENSES: Beer & Wine License
SALES: $1,000,000

ASKING PRICE: $249,000 – Cash Only – No Financing / No SBA / No Seller Financing