Beautiful Restaurant Grossing 20,000 a week lower Westchester County

Westchester County, NY

Seller Financing Available
upscale restaurant

Asking Price:$375,000

Cash Flow:$185,000

Gross Revenue:$986,000

EBITDA:N/A

FF&E:$150,000

Inventory:$5,000

Established:2013

Beautiful Restaurant Grossing 20,000 a week lower Westchester County

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Business Description

The Restaurant has been around for over 30 yrs. The previous operator successfully ran the restaurant for 10 yrs and left to move into a larger location. In March 2013, the current owners acquired the lease & the location underwent a complete dining room, bar & bathrooms renovations from a dated Italian feel to a more upscale vibe. The restaurant was an immediate success. It became the “date night” spot & getting reservations on a Friday or Saturday night had to be made a month in advance. The Restaurant is open 6 days for Dinner only serving Tapas food

Detailed Information

Inventory:
Included in asking price
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is in a stand-alone location next to a highly frequented strip center (sports club is the major tenant). Unlike other restaurant's they have ample parking. The restaurant has 9 parking spaces, there are 30 parking spots on the street and the building provides the restaurant access to their 100 space lot after 5:30pm.
Competition:
The restaurant's reputation is strong in the community. As the only small plate restaurant in the area, the Restaurant draws clientele from Larchmont, Scarsdale, New Rochelle, Rye and the other surrounding towns. They also do in-house private parties such as bridal showers, engagement parties and birthday events.
Growth & Expansion:
Currently there is new development behind the restaurant which has just been completed. Once fully occupied, this will draw more traffic to the restaurant. To help attract this business as well as others in the area, they will begin offering brunch on Saturdays, which will help grow the business. Starting in April 2017 they will have outdoor dining behind the restaurant adding a bar and 30 seats
Financing:
The seller is willing to hold a note for a qualified buyer
Support & Training:
The seller is willing to train for a smooth transition time of training is negotiable.
Reason for Selling:
moving on to another business distribution

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Ron DeMara

Business Listed By:
Ron DeMara

CAPITAL BUSINESS SOLUTIONS

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