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Business for Sale Summary

Mediterranean Bistro for Sale in Manhattan - 33865

Business Type: other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Mediterranean Bistro for Sale in Manhattan
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This business has received 16 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $175,000
Gross Revenues $600,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$175,000 Down and $100,000.00 at 6% over 24 months

Business Description

This beloved Mediterranean Bistro, located in an up and coming section of Manhattan, re-opened in April 2021 to glowing reviews. You now have the opportunity to purchase this gem with the knowledge that you will be inheriting a new great 15 year lease, which the seller deftly negotiated down from $4,000/month to just $2,200/month. That's a saving of $324K over the life of the lease. Had he had that lease in the year leading up to when the pandemic closed businesses down, he would have made over $100K during that span and that was with him only being there one or two days per week. If you are planning to be more hands-on, you should be able to make more than that, by replacing the cost of a manager. Water is included in the lease at no cost. All of the furniture, fixtures, and equipment are still intact, as seen in the photos. 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 call the listing broker, Jay Goldman, to make an appointment to meet with the seller to get a full tour of the facilities and ask some questions. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested, please at least become a free registered buyer under listing 33865 at www.vestedbb.com. In order to obtain the name & address of the business, upgrade to premium membership right away.

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.