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

Well Established Mediterranean Restaurant

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $900000
Net Profit / Cash Flow  $450000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1995
Number of Employees  10 - 19
Inventory  150000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes.
Reason for Sale  Owner building 2nd restaurant.
Description  Well established (13 years) Mediterranean restaurant for sale at the prime location of Sheepshead Bay, Brooklyn. (The restaurant is by the bay). $900,000+ in gross sales, $450,000 cash flow. Renovated and nicely decorated. 10+ employees, huge kitchen, 2 walk-in fridges, lots of storage space. Seats 65 indoors and 35+ outdoors. Liquor and sidewalk cafe licences are transferable. Experienced staff, great food and service. Recent increase in sales through on-line reservation systems. Live music on Fridays. This restaurant is literally packed from May thru October. Heavy foot traffic. Loyal clientele. Serving lunch and dinner 7 days a week. Plans in place to serve brunch and to enlarge the dining area which will increase the seating capacity from 65 to 115 indoors. Rent is $7,080 per month. Owner has 2 years left on the lease. Landlord is willing to give a long brand new lease to qualified buyer. Owner will provide the necessary training until the buyer is confident. Prospective buyers will be evaluated on a first come first served basis. Owner is willing to hear all reasonable offers. Email or call (917)733-4456.
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