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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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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 successful Mediterranean Bistro, located in a trending section of Manhattan, closed its doors back in March 2020, when the Covid-19 pandemic struck NYC. The owner may yet re-open it, once the pandemic has passed. In the meantime, 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 recently negotiated down from $4,000/month to just $2,200/month. That's a saving of $1,800/month times 12 months/year times 15 years or $324,000 over the life of the lease. Had he had that lease over the last 12 months that the bistro was opened, he would have made approximately $100K during that span and that was with him being there only a day or two per week. If you are planning to be more hands-on, you should be able to make more than that once things have normalized. By the way, water is included in the lease at no cost. All of the furniture, fixtures, and equipment are still intact. And wait until you see the positive Yelp reviews! If you are new to Vested Business Brokers, please go to www.vestedbb.com to become a free registered buyer or premium member (to obtain the name & address. Kindly email Jay Goldman, the listing broker, at jaygoldman@ vestedbb.com with preliminary questions and then to make an appointment to speak 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 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.