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Business for Sale Summary

Bistro Restaurant in Prime Section of Brooklyn - 33233

Business Type: bar/tavern/night clubs,entertainment,must sell/drastic price reduction!,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Bistro Restaurant in Prime Section of Brooklyn
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Financial Information (non-confidential)

General Information
Asking Price $400,000 Down Payment $200,000
Gross Revenues $550,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$200,000 Down and The seller may provide up to $200K in financing at 6% over 48 months to qualified buyers

Business Description

This Large Bistro Restaurant in a Prime Section of Brooklyn used to do $1.5M in gross before the seller moved his family to Europe and he became semi-absentee. The restaurant still has a loyal following, upon which you can rebuild and then grow. It has two full bars, one of which is open-air during the warmer months of the year. You will find 2,500 sq ft at street level, inclusive of the bars, dining areas and kitchen. The dry and clean basement is also large and put to very good use. After 18 years at the same location, the seller is ready to hand over the reins to you, but not without providing all the transitional support you may need. The landlord stands ready to give you a brand new 15 year lease for $18K/month, which is below market for this much space in this trendy and affluent neighborhood, The business is only open Tuesdays through Saturdays now, but you can certainly add on Sundays and Mondays, as well as expand the hours. The restaurant's liquor license allows it to be open until 4am. The seller would be delighted to share suggestions with you as to how to resuscitate the business and take it to yet greater heights. Please do not say anything to the employees or customers when visiting this Bistro Restaurant, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 33233 from www.vestedbb.com before contacting Mr. Goldman.

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.