Growing Chain of Cozy, Neighbrohood NYC Restaurant

New York, NY
New York County

Asking Price: Annual Revenue:
$8,900,000 $11,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Growing Chain of Cozy, Neighbrohood NYC Restaurant Broker: 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

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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