|
||||||||||||
|
||||||||||||
|
||||||||||||
|
||||||||||||
|
Financing: $79,000.00 Down and $20K in seller financing at 6% over 24 months Reason for Selling:The absentee-owner is consolidating his NYC business interests, as he now lives in Miami, FL most of the time. Established for 15 years, this one of a kind Burger Shop grossed $1.2M, annually,
before the pandemic. It is back up to almost half of that now and continuing to grow.
In the meantime, the absentee-owner was able to secure a 25% rent reduction to
$5K/month for 600 sq. ft. at street level and 500 sq. ft. in the basement. Following
a recent renovation, he values the furniture, fixtures, and equipment at $100K alone.
The shop is run by 2 full-time employees -- a cook and a cashier. Customers order
at the counter and are called up when their food is ready. There is ample seating for
those who want to dine in. There is a lot of delivery app business to be had here, too,
especially given that the shop is located a couple of blocks either way from two
major hospital systems. The seller recommends that the new owner(s) be hands-on,
therefore, replacing one or more of the current employees and pocketing at least one
their salaries. It would be a good idea to continue to serve beer & wine here. A license
for such is much easier to get than a full liquor license. Lastly, once you've refined the
operations and marketing of this business, you may want to open more company
stores or even franchise this restaurant concept. Now is the time to act!!
Please do not speak with any of the employees or customers when visiting the location,
as they do not know it's for sale. Instead, kindly email the listing broker, Jay Goldman,
at jaygoldman@vestedbb.com or call 917-912-3282 to make an appointment to speak or meet with the seller.
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 information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
||||||||||||
1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |
||||||||||||
