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Upscale Wine Bar & Restaurant in New York County, - 26443

New York County, NY

Seller Financing Available
Upscale Wine Bar & Restaurant in New York County,   - 26443
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Asking Price: $249,000

Cash Flow: $120,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $150,000

Inventory: $50,000*

Established: 1999

*not included in asking price.

Upscale Wine Bar & Restaurant in New York County, - 26443

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Business Description

Manhattan Eatery with Upscale Wine Bar

Just wait until you see the Yelp reviews for this cozy Italian restaurant and wine bar opened downtown in 1999 by husband and wife owners. - As part of this sale, they are including a super-successful delivery and take-out business run under a different but equally highly-regarded name. It utilizes the same kitchen as the restaurant/wine bar and delivers between Canal St. & 23rd St. and from Avenue D to 6th Ave. - The restaurant/wine bar and delivery business each account for 50% of total sales. - Between them, these businesses have 20 employees with 6 delivery guys. Because of their extreme loyalty to their employees, the owners have been reluctant to pare down their staffing costs.Their cost of goods can be reduced, too. - There is a great kitchen and more than ample storage space in the restaurant's cavernous basement, including a valuably stocked wine room. - The lease runs for another 8 years. - Open Daily 11AM to 11PM. There is plenty of upside left for you should you know how to better advertise and market using social media. There is a lot of goodwill in the name of each, which can be built upon. - Please become a premium member at www.vestedbb.com to receive the address of this restaurant and wine bar to do a discreet walk by, then email or call Senior Vested Business Broker Jim Aloi for an appointment to take a full tour and speak with the seller. Additional financial information will be released to you by the sellers when there is a comfort level established.

Detailed Information

Location:
New York County, NY
Inventory:
Not included in asking price
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
174,000.00 Down & $75,000 over 3 years at 7% $50,000 of wine inventory is not include
Support & Training:
Seller will train
Reason for Selling:
Retirement
Business Website:
http://www.vestedbb.com/lid-26443
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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