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Business for Sale Summary

Must-Sell: Prime Restaurant Location in NYC - 33865

Business Type: must sell/drastic price reduction!,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
Owner Financing
Must-Sell: Prime Restaurant Location in NYC
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This business has received 93 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $79,000 Down Payment $59,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View


$59,000 Down and The seller may be willing to offer up to $20K in financing over 24 months at 6%.

Business Description

This much beloved Mediterranean Bistro was recently closed. Previously asking as much as $175K when operational, you now have the opportunity to acquire this prime location with a way below market rent and all its furniture, fixtures, and equipment for just $79K with only $59K down and the balance in seller financing. The seller deftly negotiated the rent down from $4,000/mo. to just $2,200/mo. during the worst phase of the pandemic.That's a savings of $260K over the remaining 12 years left on the lease. Of course, you can put your own concept into this space or stick with the Mediterranean one. There is a lot of delivery app business to be had there, too, especially given that it is located a couple of blocks either way from two major hospital systems. Please email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com or call 917-912-3282 to make an appointment, meet with the seller to get a full tour of the facilities and ask some questions.

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.