Owner Financing is Available!
Business Overview:
Upper West-Side Yorktown charming, Spanish/Cuban/American cuisine restaurant with bar. Interior one of the more attractive restaurants without being ostentatious. Soft contrasting color scheme designed by owner fills this place with constant turn over of regulars. Business is 25% bar 75% food, 25% cash. Food cost very low. Does well over 1 Million in volume (over $20,000 weekly). Great lease $9,500 monthly. Taxes - $1,500. Payroll $16,000 monthly. Shows good profit with 13 employees. This restaurant in highly sought out location can do much better as it absentee run. Perfect location to implement late night club lounge. 10 year lease. This successful enterprise has to be visited to encompass its enchantment. Owner/operator can take restaurant to next profit level.
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:
Extremely attractive, well designed facility, street parking in desired area; well kept inviting interior- great 10 year lease, kept in perfect condition.
Market Competition and Expansion:
This restaurant is the gem in the upper west side area where spot is located
Reason for Selling:
Owner has several restaurants selling them off one
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: