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Business for Sale Summary

High End Midtown EastSteakhouse - Opportunity Sale - 31352

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,assets only sale,distressed sales!,must sell/drastic price reduction!,restaurant/ cafes/ diners
High End Midtown EastSteakhouse - Opportunity Sale
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Financial Information (non-confidential)

General Information
Asking Price $699,000 Down Payment $350,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View


$350,000 Down and $350K over terms TBD as long as the buyer will sign a personal guarantee.

Business Description

High End Midtown East Steakhouse - Opportunity Sale. This location closed down just one month ago. This is strictly an asset and lease sale. This is a prime location in a very affluent area of Manhattan. It offers 2 floors of space with a basement kitchen. The ground floor is 2,000 sq. ft. with seating for 75 including a bar that seats 12. There is also a 600 sf. office. The second floor is 1,600 sq. ft. with seating for 75 including a private room that seats 16. They have a full liquor license. They can serve liquor until 2am M-Th., 4am F& Sat., and until midnight on Sun. ALL FF&E IS INCLUDED. This is a beautifully appointed location with all high end finishes. It must be seen to be appreciated. There are 11 years left on the current lease at a rent of $36,900/mth. That is very reasonable for the area. You can keep the most recent concept or bring in something entirely new. Why wait months for permits, licenses and construction? THIS LOCATION IS TURN KEY AND READY TO GO! We are seeking a serious and financially qualified restaurateur with at least $350K in liquid funds to cover the asking price plus approx. $110,700 to cover 3 months of rent security. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE MADE BY APPOINTMENT. 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.

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.