Take-Out Restaurant in New York County, NY-31113

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$275,000 $780,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Take-Out Restaurant in New York County, NY-31113 Broker: Melvin L. Vaz
Owner Financing is Available!
$175,000.00 Down & $100,000 over 4 years @ 6%.

Quick Facts

Asking Price: $275,000
Annual Revenue: $780,000
Net Profit: Not Disclosed
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 9
BBN Listing #: 77884447
Broker Reference #: 31113

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Business Overview:

Quick Serve and Take-Out Restaurant Upper East Side NYC. Established in 1990, this is one of the most desirable areas in Manhattan. The menu features reasonably priced chicken, ribs, burgers & gyros. Free delivery. A new subway line was just added close by that draws even more traffic. In addition, there is heavy foot traffic as the business is surrounded by residential, commercial and industrial business. THE RENT IS VERY REASONABLE FOR THE AREA. It is $11,700/month (including taxes). There are 7 years left on the current lease. A new lease can be obtained by a qualified tenant. The space is 1,280 square feet plus basement with prep. area. In the past year the business grossed approximately $780,000.00 with a cash flow of approximately $125,000.00. The owner is there only part-time, 5 days/week for 3 hours/day. The business is open 7 days from 11am- 10:30pm. It is easy to manage with well trained and loyal employees working there more than 12 years. The owner is only selling because he another business he must focus on. We are seeking a serious and financially qualified buyer with at least $188,000 in liquid funds to cover the downpayment and $13,000 rent security deposit. For more information, please contact us. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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Reason for Selling:

Owns another business.

Additional Details:

  • The property is owned.
  • 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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