Restaurants With 3 Buildings For Sale
Location New York,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1700000
Net Profit / Cash Flow $1700000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2000
Number of Employees 6 - 9
Inventory 400000
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Relocating.
Description property is 3 building adjust to each other and are operated and owned by the family. Lot 1 20 x 90 building front 20 X 90 building depth {building fully build on that lot only. Lot 2 20 x 90 building front 20 X 55 building depth. Lot 3 20 X 90 building front 20 X 55 building depth. On the second floor of building 1 they are 2 1 bedroom apartments. On the second floor of building 2 is used as a huge kitchen that operated by the owner to support is ground floor, bakery, pizzeria, and Italian seated restaurant. Above building number 3 they are existing 2 1 bedroom apartments. The all 4 apartment are occupied by the family members that owned and operating the business. There is no rental income as of now. Keep in mind that the second floor that used as a kitchen now can be converted to 2 residential units to increase rental revenue.
Ground floor summary. Owner claim that his businesses alone are generating a gross of $1.5 - $1.7 million a year. Contact for more information on these Restaurants & Buildings for sale.
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