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Business for Sale Summary

Ethnic Restaurant for sale in Albany County - 34428

Business Type: other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Ethnic Restaurant for sale in Albany County
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Financial Information (non-confidential)

General Information
Asking Price $200,000 Down Payment $100,000
Gross Revenues $650,000 Lease Remaining Register Free to View
Owner’s Cash Flow $125,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and A note of $100,000 at 5% for 72 months.

Business Description

A very famous Halal Foods Pakistani, Indian and Bangladeshi restaurant, is located in a very busy commercial and a heavily populated area in Albany, NY.Rent is $2500 a month, with a long lease. Its size is 2500 sq. ft. Its cooks are known for preparing very delicious dishes; a loyal clientele. Monday through Friday, the gross sale is over $2,000 a day; over the weekend, it is over $35,00 a day. The cooks are willing to stay with a new buyer. The seller has a personal issue, which is forcing him to sell the business; willing to hold a note for 5 years. A great opportunity for a buyer who is looking for a profitable halal food restaurant business. The seller's net cash flow, after paying all the expenses, is over $10,000 a month. Call Syed at 631-374-7686 for more 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.