Upscale Wine Bar & Restaurant in New York County

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$249,000 $1,200,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Upscale Wine Bar & Restaurant in New York County Broker: Nathan Goldstein
Owner Financing is Available!
$174,000.00 Down & $75,000 over 3 years at 7% $50,000 of wine inventory is not included in asking price.

Quick Facts

Asking Price: $249,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 20
BBN Listing #: 13674447
Broker Reference #: 26443

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Business Overview:

Just wait until you see the Yelp reviews for this cozy Italian restaurant and wine bar opened downtown in 1999 by husband and wife owners. - As part of this sale, they are including a super-successful delivery and take-out business run under a different but equally highly-regarded name. It utilizes the same kitchen as the restaurant/wine bar and delivers between Canal St. & 23rd St. and from Avenue D to 6th Ave. - The restaurant/wine bar and delivery business each account for 50% of total sales. - Between them, these businesses have 20 employees with 6 delivery guys. Because of their extreme loyalty to their employees, the owners have been reluctant to pare down their staffing costs.Their cost of goods can be reduced, too. - There is a great kitchen and more than ample storage space in the restaurant's cavernous basement, including a valuably stocked wine room. - The lease runs for another 8 years. - Open Daily 11AM to 11PM. There is plenty of upside left for you should you know how to better advertise and market using social media. There is a lot of goodwill in the name of each, which can be built upon. - Please become a premium member at www.vestedbb.com to receive the address of this restaurant and wine bar to do a discreet walk by, then email or call Senior Vested Business Broker Jim Aloi for an appointment to take a full tour and speak with the seller. Additional financial information will be released to you by the sellers when there is a comfort level established.

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Reason for Selling:

Retirement

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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