Hip Restaurant w/Full Bar in New York Co ,NY-32679

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$225,000 $989,991

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Hip Restaurant w/Full Bar in New York Co ,NY-32679 Broker: Jay Goldman
Owner Financing is Available!
$225,000.00 Down & Please make your best all down offer!

Quick Facts

Asking Price: $225,000
Annual Revenue: $989,991
Net Profit: Not Disclosed
Cash Flow: $152,833
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 12
BBN Listing #: 68214447
Broker Reference #: 32679

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Business Overview:

This Hip Restaurant with a Full Bar and Outdoor Seating can be purchased at a great value to its verifiable cash flow, asking less than 1.5 times what can be proven on tax returns. The business also has a lot of upside, should you decide to make delivery service available, which the current owners chose not to do. In this day and age, internet delivery orders can account for a meaningful amount of a restaurant's revenues. As it is, food and alcohol served on premises equally contribute to the top line. Everyone and everything is on the books here. You will find outdoor seating for 18, indoor seating for 22, plus another 10 at the bar. The basement is the same square footage as the restaurant and includes two freezers, two refrigerators, and plenty of dry storage space. The landlord stands ready to provide a brand new 10 year lease to a qualified tenant. Please do not say anything to the employees or customers when visiting the location, as they do not know the business is for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the sellers to ask some basic questions and get a full tour of the facilities. Please contact Mr. Goldman. Please go to our website to become a premium member under listing 32679 to get the name & address. Please use email reply button of this ad to contact us.

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Reason for Selling:

After 7 years of being hands-on, the owners are retiring.

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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