High traffic Restaurant in Ridgewood in great condition

Ridgewood, NY (Queens County)

Seller Financing Available
High traffic Restaurant in Ridgewood in great condition

Asking Price:$125,000

Cash Flow:N/A

Gross Revenue:$710,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:$41.25

Established:2014

High traffic Restaurant in Ridgewood in great condition

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Business Description

Although this restaurant has a stable customer flow, it has not been profitable in the two years that it has been open due to high food & labor costs. New Management could make adjustments accordingly and bring it to profitability. Owner would like to maintain low profile and not alert employees.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,600
Lease Expiration:
12/31/2023
Employees:
6
Facilities:
Fully stocked restaurant with Beer & Wine license, 6 burner stovetop, oven, smoker, Fridge Freezer, and more
Growth & Expansion:
traffic is stable but basic food & labor costs are high. Reduction in these areas will bring better profitability.
Financing:
negotiable
Support & Training:
1 month
Reason for Selling:
Owner operating multiple businesses, wants to reduce workload

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Demetrios Galifianakis

Business Listed By:
Demetrios Galifianakis

Politan Real Estate

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