Absentee Restaurant Minutes Walk from Barclay Ctr

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$299,000 $1,438,362

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Absentee Restaurant Minutes Walk from Barclay Ctr Broker: Ricardo Molina
Owner Financing is Available!

Quick Facts

Asking Price: $299,000
Annual Revenue: $1,438,362
Net Profit: Not Disclosed
Cash Flow: $310,362
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 14
BBN Listing #: 654035879
Broker Reference #: 6842-996943

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Business Overview:

Price Reduced!!

This favored American restaurant with an ethnic twist welcomes its guests providing an intimate setting for a mature audience. Located just outside of the Barclay Center in Brooklyn. This is a hidden gem in the Fort Greene section of Brooklyn with a garden used all year round for dining with the installation of a retractable roof. Space for private events are available as well along with a full service bar, a highly experienced and well trained staff to deliver a quality dining experience. The owners have a combined two decades of experience. With the help of a well seasoned chef, the menu available with daily specials has been evidently well thought out and executed. Full liquor license. Brunch served during the weekend.

Hours of Operation are Monday to Wednesday 4 pm - Midnight / Thursday to Friday 4 pm - 2 am / Saturday 10 am - 2 am / Sunday 10 am - Midnight. Front of the house consist of 8 full time employees (2 bartenders, 2 busser, 3 servers, 1 manager) Busser performs deliveries and staff rotates during that time. Back of the house consist of 6 employees (2 dishwashers, 3 cooks, 1 prep).

All furniture and equipment are paid for, aside for the dishwasher that is leased. This is a norm for restaurants.

10 plus 5 year lease (with options) and 6 years remaining. Current monthly rent rate is set at $9,179. Real Estate tax to be paid every 6 months at $600. Water bill to be paid every 6 months at $700. New lease or extension available with options to a qualified buyer.

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Reason for Selling:

Personal

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.

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