Seller Financing Available
Gross Revenue: $1,654,269
Rate/Sq. Ft.: $52.64
High Volume Stewarts All American Restaurant Brooklyn, NY - Bay Ridge!
A classic all American restaurant famous for its Stewart's Fountain Classics - root beer and hot dogs. Also features home-style burgers, thin sliced cheesesteak, delicious sandwiches & wraps, starters and sides. Plus ” The Worlds Creamiest Fountain Beverages” as well as ice cream cones, sundaes and storms.
This location also serves an expanded diner menu of breakfast, lunch and dinner which also includes breakfast wraps, sandwiches & specials, eggs & omelets, pancakes, french toast, waffles, as well as starters, salads, soups, sides, panini’s, platters, entrees, desserts, children’s menu and more. Together, this Stewarts combines long-time Bay Ridge favorite Hinsch’s ice cream parlor & diner food with Stewart’s classic menu, soft-serve ice cream and soft drinks! Diners are getting the best of both worlds!! Cool 50’s diner décor featuring red & silver booths and large photos of Bay Ridge taken in the 1940s. Dine in, take out and delivery. Turnkey – manager in place. Prime retail space on bustling 5th Ave in the lively and well populated Bay Ridge neighborhood of Brooklyn. Bay Ridge is one of Brooklyn’s go to spots. Known for its historical architecture, gorgeous surroundings and incredible views of New York Bay. The neighborhood is an eclectic mix of historical and modern real estate. It is also family orientated while remaining modern enough to entice a younger crowd. There is plenty to do here with many shops, bars, nightclubs and restaurants. Year Established: 2015 (Hinsch 1940) Cash Flow: $295,395 (with manager in place) Highly confidential listing, please do not discuss with employees or patrons. Listed by Steve Gardner at EatZ & Associates
Real Estate: Leased
Building Sq. Ft.: 2,200
Lease Expiration: 12/31/2025
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Leased space $9,650/mth includes rent, CAM insurance and taxes. Current lease expires 2025 with options to renew. Square Feet: 2,200 (with full basement). Seating: 90. Days/Hrs of Operation: Mo-We 7a-2a & Th 7a-11:59p & Fr-Sa 24 Hours.
Competition: A family friendly franchise proudly serving legendary Stewart's famous root beer, creamy & refreshing. A thriving chain with over 90 years of quality restaurant experience. Their classic menu has outlasted many trendy products and concepts. One of the most famous & popular name brands around with instant name recognition, plus a long history of successful and profitable stores.
Growth & Expansion: The first Stewart's Drive-In was opened by Frank Stewart in 1924 in Mansfield, OH. The chain began franchising in 1931. It currently has over 60 locations in the United States with plans to open over 250 more.
A proven restaurant system that combines traditional American food & drink with efficient modern equipment. Now under new ownership, Stewarts is expanding in New Jersey and nationally with the very best name in food including their world famous root beer floats and other signature items.
A new management team with vast experience in franchise development and support has taken over operations. Beginning last year, a stronger internet presence, more innovative advertising, expert training, increased franchise support and more Stewart’s franchises. Grow with a first class company - time to get in is now!
Financing: Possibly, to a well qualified buyer with substantial down.
Support & Training: Two weeks on-site comprehensive training.
Reason for Selling: Corporate location looking for a franchisee.
Franchise: This business is an established franchise
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