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Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Kosher Steak Restaurant & Bar For Sale

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $750000
Net Profit / Cash Flow  $168345
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2003
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Reason for Sale  Other interests.
Description  This is a very profitable Glatt Kosher Steak Restaurant and Bar for sale in an affluent Nassau County neighborhood. Over the past 5 years, this restaurant has had impressive growth, becoming one of the destination restaurants while building a solid and loyal customer base. Currently this business is run on a 5 days a week basis, closed Fridays and Saturdays. This restaurant serves one meal a day, namely dinner from 6PM to 10PM, and in total is open for about 245 days a year. Despite that, its sales and profits have achieved very impressive levels, generating over $160,000 in owners discretionary cash flow. The restaurant accommodates around 100 guests and can seat 125 people for private parties. A liquor bar, and a beautiful setting make this a pleasant environment for family dining, business meetings and all sorts of occasions. A great opportunity exists for a new owner to make this restaurant even more successful by adding a lunch menu as well as opening the restaurant for more days during the week/year. The owner of this restaurant will also have the first right of refusal to buy the building, should it become available for sale. If you ever wanted to own a high-end steak restaurant in an excellent and busy location, with great profits and excellent opportunities, do not miss out on this one.
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