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Niche Restaurant For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $697280
Net Profit / Cash Flow $283518
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2008
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Personal.
Description Niche major franchise food style restaurant just under 5000 square feet located in one of New York's most up scale malls. Must see to appreciate! Presently run absentee. This beautiful restaurant cost over 1 million dollars to build and is open less than 2 years. Seller projects numbers can go up as much as another 30 - 40% or more. Seller open to partnership or will sell. This restaurant offers a full bar plus private and VIP areas, very up scale dining areas, and a private party room. This Niche business operates with a very low payroll and food costs are under 22%. Seller has no food experience and there are several ways to quickly grow this business. This restaurant now offers short hours of operation and offers no entertainment. This is a gold mine of a chance to own one of New York areas best restaurant of its kind. Buyer must assume remaining fixture note for about $20k Please present proof of funds. 18 year lease with great terms. Unlimited parking. Contact Broker Jim Aloi for more info. Rent was just lowered from $18k to $7k this mall has major changes and was just purchased by big buyer and several very large well branded chain tenants are now moving in. You must contact broker for information to much upside to print. This place in 1 year from today may be worth a million dollars. Please hurry or you will loose this dream listing.
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