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Business for Sale Summary

Absentee Owned Restaurant and Bar in New York - 36051

Business Type: absentee business,delicatessen/catering services,other eating & drinking places,other food stores,restaurant/ cafes/ diners
Absentee Owned Restaurant and Bar in New York
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Financial Information (non-confidential)

General Information
Asking Price $700,000 Down Payment $700,000
Gross Revenues $220,000 Lease Remaining Register Free to View
Owner’s Cash Flow $32,000 Number of FT Employees Register Free to View

Financing

$700,000 Down and

Business Description

An absentee-owned business has achieved remarkable growth in its first month of operation. Projections for the upcoming 12 months indicate a gross income of $2.5 million with a cash flow of $350,000. This thriving restaurant is strategically situated in the heart of New York County, benefiting from substantial foot traffic throughout the day, serving breakfast, lunch, and dinner. With the capacity to comfortably accommodate 40 guests indoors and an additional 24 outside, this establishment features a full bar and boasts a stylish interior design that can be easily replicated. Recent upgrades include the installation of new bar equipment, a state-of-the-art AC system, and top-of-the-line kitchen equipment. While this location is relatively new, it holds tremendous potential for growth and success. For more details, please contact the broker, Pietro Siciliano, at 914-760-5744.

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