Restaurant for Sale with 12 Year Low Rent Lease

Manhattan, NY
New York County

Upper Westside

Asking Price: Annual Revenue:
$300,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant for Sale with 12 Year Low Rent Lease Broker: Seller of Business

Quick Facts

Asking Price: $300,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 392335273
Broker Reference #: 11747

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Business Overview:

Key Money deal for a newly built 6 month old Restaurant on major Avenue in the Upper Westside of Manhattan. Very sought after, high traffic neighborhood area. The main floor is 1,800 square feet and has 74 seats throughout, and an additional 10 seats at the bar, as well as 24 seat outside in the sidewalk. Basement is used for pre-work, storage, and refrigeration. Main floor is brand-new open concept kitchen to display live cooking for guests through glass partitions. The finishes throughout the Restaurant are clean and sleek which make the conversation to any cuisine seemless to do. Current rent is $20,500 a month, and they have a 12 year Lease in place with 3% annual increases, which is way below market value for this busy Upper Westside neighboorhood.

Please contact Bob Patel to setup an appointment for a walkthrough. Please use email reply button of this ad to contact us.

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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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