Quick Serve/Take-Out Restaurant Upper East Side - 31113

New York County, NY

Seller Financing Available
Quick Serve/Take-Out Restaurant Upper East Side  - 31113
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Asking Price: $275,000

Cash Flow: $125,000

Gross Revenue: $780,000

EBITDA: N/A

FF&E: $150,000

Inventory: $6,500*

Established: N/A

*not included in asking price.

Quick Serve/Take-Out Restaurant Upper East Side - 31113

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Business Description

Quick Serve/Take-Out Restaurant Upper East Side - 31113

Quick Serve and Take-Out Restaurant Upper East Side NYC. Established in 1990, this is one of the most desirable areas in Manhattan. The menu features reasonably priced chicken, ribs, burgers & gyros. Free delivery. A new subway line was just added close by that draws even more traffic. In addition, there is heavy foot traffic as the business is surrounded by residential, commercial and industrial business. THE RENT IS VERY REASONABLE FOR THE AREA. It is $11,700/mth (incl. taxes). There are 7 years left on the current lease. A new lease can be obtained by a qualified tenant. The space is 1,280 sq. ft. plus basement w/ prep. area. In the past year the business grossed approx. $780,000.00 with a cash flow of approx. $125,000.00. The owner is there only part-time, 5 dys/wk for 3 hrs./day. The business is open 7 days from 11am- 10:30pm. It is easy to manage with well trained and loyal employees working there more than 12 yrs. The owner is only selling because he another business he must focus on. We are seeking a serious and financially qualified buyer with at least $188K in liquid funds to cover the downpayment and $13K rent security deposit. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Detailed Information

Inventory:
Not included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
175,000.00 Down & $100K over 4 yrs. @ 6%.
Support & Training:
The seller will train the new owner.
Reason for Selling:
Owns another business.
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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