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High Profit Midtown Burger & Coffee Shop

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Manhattan, New York (New York Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale

Business Description

This coffee shop was started 16 years ago and is consistently highly rated on all the review sites as serving "the best burger in the area". It is highly profitable with limited operating hours. It has 20 table seats and 9 counter stools and has been beautifully renovated and has a great atmosphere. They serve breakfast lunch and dinner. Dinner business can be increased substantially by opening during the week till 9 pm. A 10 year lease is available at below market for the area. The menu has high profit margins and the items lend themselves to a high turnover minimal cooking time operation, requiring minimal staffing. The menu offers diner breakfast, hamburgers, salads, sandwiches and Mediterranean kebabs and appetizers. Currently the store does minimal delivery business and this can be increased substantially for both breakfast and lunch and dinner as there are high rise residential buildings in the neighborhood. The store is also located on a street with a subway. It is located in a dense high rise commercial midtown location with 3 hotels on the street. The store has direct access to a 100 room hotel serving breakfast lunch and early dinner to the guests. This hotel and the other 2 hotels have a high occupancy rate from the Spring through the holiday months. The office tenants provide a large amount of customers for breakfast and lunch. The store operates Monday through Friday from 7am to 7 pm and Saturday 7 am to 2 pm and Sunday 8 am to 11.30 am. The hours can be extended to increase business even more. Owner is retiring and is looking for a quick sale.

About the Business

Year Established:
1994
Number of Employees:
4FTE; 0PTE
Facilities:
This 16 year old burger and coffee shop has been continuously updated and presents an inviting dining environment. All equipment is in excellent condition and is to code. The rent is below market and a 10 year lease is available.There is a subway station exit on the street.
Market Outlook/
Competition:
This burger and coffee shop has been extensively reviewed as the "best burger in the area" on all the review sites. It is located in a 100 room hotel with street & hotel access, a midtown eastside location surrounded by highrise commercial & residential buildings and 3 hotels on the street. The restaurant operated from 7 am to 7 pm weekdays and 7 am to 2 pm weekends. Breakfast and lunch are the busy times and early dinner is served.

About the Sale

Reason For Selling:
Owner retiring
Training/Support:
Owner will transition
Seller Financing:
Financing available to qualified buyer

Listing Info

BizQuest Listing ID:
1035287
Ad Detail Views:
1313
Asking Price:
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Gross Revenue:
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Cash Flow:
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Inventory:
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Business Listed by
Jack Guttman
Guttman Realty Advisors
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U.S. Census Data for New York County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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