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Business for Sale Summary

*PRICE REDUCTION* NY French Restaurant For Sale - 28338

Business Type: other eating & drinking places,other food stores,absentee business,best deals!,new to market,restaurant/ cafes
*PRICE REDUCTION* NY French Restaurant For Sale
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $125,000
Gross Revenues $915,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View


$125,000 Down and None.

Business Description

***HUGE PRICE REDUCTION*** Fantastic French Restaurant located in an affluent Brooklyn Neighborhood. NOT BEING SOLD BASED ON FINANCIALS! The current owner has been running this operation on an absentee basis. It is a beautiful 1,500 sq. ft. location with seating for 90 (50 in the dining room and 40 in the lounge area). THIS IS A FANTASTIC LOCATION!. The concept can be kept as is or converted to a different cuisine. There are 6 yrs. left on the current lease at $10,050/mth. They have a liquor license for champagne, beer & wine. They also have a basement with a walk-in box. In the past year the gross sales were approx. $915,000.00, but the store is operating at a break even due to the current management structure. Inventory is approx. $90K and INCLUDED in the asking price. We are seeking a serious and financially qualified buyer with some restaurant experience and at least $185K in liquid funds to cover the asking price and 3 months rent security. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.