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Business for Sale Summary

Gorgeous French Bistro *PRICE REDUCED* - 29754

Business Type: other eating & drinking places,other food stores,best deals!,new to market,seller financing available,restaurant/ cafes
Owner Financing
Gorgeous French Bistro *PRICE REDUCED*
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Financial Information (non-confidential)

General Information
Asking Price $215,000 Down Payment $215,000
Gross Revenues $780,000 Lease Remaining Register Free to View
Owner’s Cash Flow $135,000 Number of FT Employees Register Free to View

Financing

$215,000 Down and None.

Business Description

Gorgeous French Bistro for sale. *PRICE REDUCED* This spot offers lunch, brunch and dinner in a cozy, warm setting. The space is 1,700 sq. ft., with a basement and outdoor seating. They offer seating for 35 inside, plus five at the bar (with full liquor license until midnight). They also have a legal permit for outdoor seating. The owner acts only as a manager, as the business is fully-staffed. Payroll is currently $4,000/week. In the past year, the business grossed approx. $780,000.00, with a net cash flow of approx. $135,000.00. There are 5 years left on the current lease, at a rent of $10,866/month with 3.5% increases. A lease extension may be granted to a qualified buyer. The business is being sold for personal, family reasons. This business is ideal for any restaurateur, but an owner/operator, who is also a chef, can reduce payroll significantly. We are seeking a serious and financially-qualified buyer with at least $215K in liquid funds to cover the downpayment and $27,600 rent security deposit. To learn more, please call Mel Vaz at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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 kg

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.