Highly profitable trendy Poke restaurant in union square for sale

New York, NY (New York County)

Seller Financing Available
Highly profitable trendy Poke restaurant in union square for sale
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Asking Price: $750,000

Cash Flow: $276,831

Gross Revenue: $1,723,568

EBITDA: $277,414

FF&E: $55,650

Inventory: $11,603

Rent: $20,157 /Month

Established: 2016

Highly profitable trendy Poke restaurant in union square for sale

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Business Description

fantastic turn-key investment

TRENDY RESTAURANT IN THE HEART OF NEW YORK CITY FOR SALE! BUY AN UPWARD TRENDING BUSINESS. – MOTIVATED SELLER DUE TO RELOCATION TO ANOTHER COUNTRY!
This seller is selling its established, highly profitable, trendy and healthy Hawaiian restaurant under the market price. Thanks to the historically high net profit of the business, there is already a bank willing to provide financing at around 7% interest.
The restaurant is located in Union Square; highly desirable and premier area with heavy foot traffic. They just had their highest sales month in the past two years, coming in at $183k and their net profit is averaging around 16%. The restaurant has operated very efficiently since its opening, so the next owner does not have to do a thing and just collect a high return on investment. Or the next owner can expand the current food and drink menu and implement his or her own strategies to make it even more profitable. The build out of this space exceeded $500,000 alone! Plus, the time and effort in finding the right location. The heavy lifting is over with this turnkey investment! In addition, one of the franchise locations also bring in another $2000 a month in royalty in addition to the existing profit.
The restaurant has its flagship location in Manhattan and is selling for $750,000. They have one additional location in Philadelphia and a franchise location in Atlanta. They are willing to sell the Manhattan store and Philadelphia stores and the brand for $850,000. All financials are verifiable as well as the google analytics, so buyers can see how this restaurant compares with other brands around the area.
Inquire ASAP!
Please contact the broker Leo Dun for showing and more information. Leo.Dun.NY@gmail.com
or 862-684-2367 Co-Broke Welcome!!

Detailed Information

Location:
New York, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
5/31/2026
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5 flatscreen TV, 2 lowboy refrigerators, 5 metal pre tables, 2 rice warmers, 3 rice cookers, 1 drink refridgerator, 1 warmwell oven, 1 walk in freezer, 2 freezers, 1 wine fridge, marble counter marketline, dining tables and chairs, 1 POS system, 2 thermal printers, 3 Mitsubishi HVAC units
Competition:
Great corner location by a large college campus with over 26,000 students. Loyal customer base. Sales data shows that 70% of the walk-in sales are return customers.
Growth & Expansion:
hot food and desert menu items can be easily expand by the next owner, alcoholic beverages can be added as well, other drink option can be added
Financing:
Bank already approved this business for lending up to $750,000 for the next buye
Support & Training:
The manager can stay behind to provide free support and training.
Reason for Selling:
motivated seller moving out of country. high-yield, Turn-Key business.
Franchise:
This business is an established franchise
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Business Listed By:
Leo Dun

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