Growing Chain Of Cozy, Neighbrohood NYC Restaurant
New York, NY New York County
New York
Seller's Contact Information
- RE: Growing Chain Of Cozy, Neighbrohood NYC Restaurant
- Contact: Bob Dunphy
Quick Facts
| Asking Price: | $8,900,000 | |
| Annual Revenue: | $11,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 1,200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 164 | |
| BBN Listing #: | 707635879 | |
| Broker Reference #: | 6842-47826 |
Business Overview:
If ever a chain of restaurants could be labeled 'Neighborhood,' this is it. Every location is a warm, wecloming place to gather with friends, family or business associates. The staff is friendly and helpful and the food is the highest quality, plentiful and fairly priced. In a city of virtually non-stop hustle and bustle, these are places to slow down a bit before the next race begins.
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Property Features and Assets:
Almost 20 years old, it has grown quietly and organicallyto four locations to maintain the friends and family feeling of the locations, staff and clientele. They also have a catering division.
Market Competition and Expansion:
This is very unique restaurant with multi-generational appeal so four locations are just the beginning for an investor with vision. A local operator could expand the brand throughout Manhattan and the Tri-State area or it could be successful as a national chain or franchise brand.
Reason for Selling:
Retiring from restaurant business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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