Gourmet Deli with Absentee Owner in Prime Location
Location: New York > New York County > New York Midtown
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $2,000,000
Gross Revenue: $3,000,000
Gross Revenue Comments: $55-60K per week
Cash Flow: $550,000
Business Summary
This Gourmet eatery does $55-60,000/week in sales and has something for everyone including hot and cold self-service salad bars, brick oven pizza, sushi, grilled specialties, sandwiches, soups as well as a coffee bar and desserts. It has been in business for over 20 years and is open 5 and a half days/week. The breakdown of sales is about 58% lunch, 38% breakfast and 4% other. The asking price includes a large security deposit to the landlord.
About the Business
Year Established: 1985
Employees: 20 full time - 7 part time
Facilities: 4,000 sq. ft. in prime midtown location. The space has 70 seats, 2,600 sq ft upstairs for storage, a full kitchen, a brick oven for pizza, individual stations for all the food selections. There is 12 years left on the lease, a web site that is e-commerce enabled and a beer license.
Market Outlook and Competition: Competition: This location has unlimited foot traffic and is in a prime mid-town location. Growth and Expansion: The catering could be expanded and specials could be offered to bring more people in the store.
About the Sale
Management Training and Support: The seller will help the buyer with all aspects of the business.
Reason For Selling: seller has other businesses and opportunities

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Listing Tools
BizQuest ID:920211
Business Listed By
Name:Lincoln Taylor
Company:Synergy Business Brokers
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