Well-Known Fast Casual Chain in New York

Not Disclosed, NY

NY Metro - Long Island

Asking Price: Annual Revenue:
$7,500,000 $20,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Well-Known Fast Casual Chain in New York Broker: Ken Stein

Quick Facts

Asking Price: $7,500,000
Annual Revenue: $20,000,000
Net Profit: Not Disclosed
Cash Flow: $1,200,000
Total Debt: Not Disclosed
FF&E: $10,000,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 225
BBN Listing #: 55134701
Broker Reference #: 14711

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Business Overview:

This is a rare opportunity to purchase a famous marque network of 5 Fast Casual Restaurants that experienced less than a 15% reduction in business due to COVID, even with their large dining rooms! They have AAA Landmark locations which accommodates guests from 150 to 250. They have such a strong following which they EXPANDED during COVID as they pivoted to increase their takeout, grab and go, and delivery business. The future looks bright as their sales have rebounded nicely in 2021 and a more involved experienced operator will be able to propel this brand. This Independent chain is well operated with a very experienced qualified staff and extensive management team. This chain has all the makings to be converted into a franchise brand. All the locations have private party rooms with a strong profitable catering component including off site delivery which has experienced tremendous growth. All the restaurants are winners with sales projected to be back at $20 Million Dollars in 2021. The current owner is looking to retire and has built a very strong foundation that a new more involved owner will be able to propel and leverage this company into a much larger network, while REDUCING excessive overhead expenses and increasing profits. They have been servicing their customers for years and no expense has been spared in building the restaurants. If you have been looking for a well-established independent chain with strong management team in place, iconic brand, beautiful buildouts, that pivoted well during COVID, this may be the opportunity you have been looking for. Please refer to listing number 14711 when inquiring about this opportunity.

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Additional Details:

  • The property is leased.
  • 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.

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