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Business for Sale Summary

Highly-Rated Downtown Wine Bar & Restaurant - 26443

Business Type: bar/tavern/night clubs,restaurant/ cafes,best deals!,new to market
Highly-Rated Downtown Wine Bar & Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $349,000 Down Payment $349,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$349,000 Down and $50,000 of wine inventory is not included in asking price

Business Description

- 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 Jay Goldman (jaygoldman@vestedbb.com or 646-670-1961) 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.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.