Financing: $175,000.00 Down and $100K over 4 yrs. @ 6%.
Reason for Selling:Owns another business.
Quick Serve and Take-Out Restaurant Upper East Side NYC. Ideal food service buy for the pandemic market. 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 6 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, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
|
Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
