Fully Equipped UWS Take-Out Restaurant–ONLY $60K

Business Overview:

This is a great opportunity to break into the Upper West Side food scene on the cheap… only $60,000!

For almost three decades, this small restaurant has been delivering a great, All-American menu to the heart of the UWS. The burgers are consistently rated among the best in NYC and the chicken dishes are excellent as well. This take-out only restaurant (okay, there are a few seats) has a vented, fully-equipped kitchen capable of producing almost any cuisine and getting the food to customers fast. The space is a very efficient 650 square feet on the ground floor plus another 325 sf of basement storage. Rent is $8,709/month plus about $1,600/month in real estate taxes. Annual rent increases have been 3%. There is one year remaining on the lease, but the landlord is open to a new or renewed lease at similar terms. Monthly revenue in 2017 averaged about $55,000/month. Store hours are 11:30am to 11:00pm every day. The owner is selling after almost 30 years to begin a well-earned retirement making this an excellent opportunity for an energetic and creative new owner to get into business or open a second location very inexpensively.

The deal structure will be an asset sale. The reason for sale is the sellers’ desire to retire. Owner will train for two weeks at no charge. Asking price is only $60,000.

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Reason for Selling:

Retiring

Additional Details:

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