Gorgeous French Bistro *Price Reduced* - 29754

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$215,000 $780,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Gorgeous French Bistro *Price Reduced* - 29754 Broker: Mel Vaz

Quick Facts

Asking Price: $215,000
Annual Revenue: $780,000
Net Profit: Not Disclosed
Cash Flow: $135,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 10
BBN Listing #: 83174447
Broker Reference #: 29754

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Business Overview:

Gorgeous French Bistro for sale. *Price Reduced* This spot offers lunch, brunch and dinner in a cozy, warm setting. The space is 1,700 square feet, with a basement and outdoor seating. They offer seating for 35 inside, plus five at the bar (with full liquor license until midnight). They also have a legal permit for outdoor seating. The owner acts only as a manager, as the business is fully-staffed. Payroll is currently $4,000/week. In the past year, the business grossed approx. $780,000.00, with a net cash flow of approximnately $135,000.00. There are 5 years left on the current lease, at a rent of $10,866/month with 3.5% increases. A lease extension may be granted to a qualified buyer. The business is being sold for personal, family reasons. This business is ideal for any restaurateur, but an owner/operator, who is also a chef, can reduce payroll significantly. We are seeking a serious and financially-qualified buyer with at least $215,000 in liquid funds to cover the downpayment and $27,600 rent security deposit. To learn more, please contact Mel Vaz. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Personal Reasons.

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.

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