Business Overview:
Located in a prime area of Bronx County New York. The facility is 1,200 square feet with a bar area, seating for 60 customers and an brand new professional commercial kitchen. The business produces over $340,000 in yearly gross sales and 20% of the income is liquor sales which represents a substantial mark up and profit for the owner. The owner will be relocating and will train and support the new owner.
This Restaurant is known for holding events for non-profit organizations in the local area as well as for great food and drink, numerous flat screen TV's and 25k BBQ smoker.
The business is fully equipped as a restaurant-lounge, with a full kitchen, Walk in refrigeration, full bar, and a Micros POS computer system.
This is a rare opportunity to own a profitable business that simply needs an updated menu and and solid marketing plan. This business will bring longevity and a sold income for years to come.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The lease is 5 years at $3,400 per month.
Market Competition and Expansion:
The best features of this business are the new FF&E and brand new build out. This business is located across the street from a Police precinct which offers safety and plenty of hungry police patrons. Very rare to find a brand new restaurant in the local area. A Latin restaurant, rather than a Soul food restaurant, would have more potential as the Latin population is in the is the majority . A Full service bar with 8 flat screen TV's and a Micros posi touch register system is a huge plus for this business.There is no competition is this area.
Reason for Selling:
Relocation
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: