Fox Business checks in with a story about Coyote Ugly, the 23-year-old bar on First Avenue between East 10th Street and East 11th Street that spawned a global empire.
Liliana "Lil" Lovell, Coyote Ugly CEO and founder, said that she opened the First Avenue location in 1993 with $70,000. Today, there are 20 Coyote Ugly bars worldwide (she owns 11 of them). Last December, her company opened up its fifth location in Russia. In May, a Coyote Ugly debuts in Wales ... and the company has plans to set up bar in Montreal by August, per Fox.
Lovell said that the company is worth $80 million today.
“I was like wow, who would have thought this little dive bar in the East Village would take off?"