1. Home
  2. Businesses for Sale
  3. New York
  4. Restaurant/ Cafes

Business for Sale Summary

Quick Serve/Take-Out Restaurant Upper East Side - 31113

Business Type: delicatessen/catering services,other eating & drinking places,other food stores,best deals!,new to market,seller financing available,restaurant/ cafes
Quick Serve/Take-Out Restaurant Upper East Side
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 67 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $275,000 Down Payment $175,000
Gross Revenues $780,000 Lease Remaining Register Free to View
Owner’s Cash Flow $125,000 Number of FT Employees Register Free to View

Financing

$175,000 Down and $100K over 4 yrs. @ 6%.

Business Description

Quick Serve and Take-Out Restaurant Upper East Side NYC. Established in 1990, this is one of the most desirable areas in Manhattan. The menu features reasonably priced chicken, ribs, burgers & gyros. Free delivery. A new subway line was just added close by that draws even more traffic. In addition, there is heavy foot traffic as the business is surrounded by residential, commercial and industrial business. THE RENT IS VERY REASONABLE FOR THE AREA. It is $11,700/mth (incl. taxes). There are 7 years left on the current lease. A new lease can be obtained by a qualified tenant. The space is 1,280 sq. ft. plus basement w/ prep. area. In the past year the business grossed approx. $780,000.00 with a cash flow of approx. $125,000.00. The owner is there only part-time, 5 dys/wk for 3 hrs./day. The business is open 7 days from 11am- 10:30pm. It is easy to manage with well trained and loyal employees working there more than 12 yrs. The owner is only selling because he another business he must focus on. We are seeking a serious and financially qualified buyer with at least $188K in liquid funds to cover the downpayment and $13K rent security deposit. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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.