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Farm to Table NYC Restaurant.Priced To Sell. Great Rent & Location..

Manhattan, NY (New York County)

Seller Financing Available
Farm to Table NYC Restaurant.Priced To Sell. Great Rent & Location..
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Asking Price: $695,000

Cash Flow: $377,000

Gross Revenue: $2,500,000

EBITDA: N/A

FF&E: N/A

Inventory: $15,000*

Rent: $13,000 /Month

Established: 2015

*not included in asking price.

Farm to Table NYC Restaurant.Priced To Sell. Great Rent & Location..

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Business Description

Turnkey Operation. Fully Staffed. Super Popular. High Income.Owner/Operator to G

A well established full service farm-to-table restaurant with full liquor license.
Great mid-priced COMFORT FOOD All-Day breakfast, lunch & dinner menu with gluten free options.Low food cost menu.
Fantastic fully renovated dining room and kitchen and unbelievable rent and lease term for Manhattan.
Always busy with great online reviews.
Fully staffed with semi-absentee owner.
The perfect restaurant for a married couple or partner team.
Sign & send the attached NDA for more information.
brian@elbrokerage.com
T: 917-834-4063
F: 201-568-5401

Attached Documents


Detailed Information

Location:
Manhattan, NY
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2030
Employees:
25
Facilities:
Fully renovated dining room and kitchen. Additional 1,000 SF street level storage and walk-in box adjacent to the restaurant. 62 seats inside and 16 outdoor seating. 10 Year lease at $13,000.00/Month with 3% increases. Full liquor license.
Competition:
Limited full service restaurants in the area. Fantastic location at a great rent. High density higher income residential neighborhood surrounded by colleges and hospitals.
Growth & Expansion:
Tremendous upside with increased delivery and catering. Catering is not included in sales. Introducing EVENT nights such as karaoke, games night, live music & dinner specials will drive dinner. Already introduce a "Lobster Special" dinner one night a week with great results.
Financing:
Limited Seller Financing to qualified buyer
Support & Training:
Owner will transition.
Reason for Selling:
Owners operate multiple restaurants and this location is too far from others.
Contact Seller

Contact the Seller

(from currently available funds)
 
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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Memberships & Certifications:
Indicates membership in The New York Association of Business Brokers (NYABB).

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Demographic Information

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