Diner/Restaurant -- Upper West Side

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Asking Price:
$500,000

Gross Revenue:
$1,500,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
not included in asking price

FF&E:
$200,000
included in asking price

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Business Description

Established mid 2016 as an absentee ownership situation, the diner/restaurant has shown positive results since inception and can become an even bigger earner with owner/operator participation and active marketing. Wine and beer license.
The spacious 2,500 sf ground level can accommodate more than the 76 it currently serves with a little planning. In addition, it has license to serve outside.
The 10 year lease has 7 years remaining.

About the Business

Number of Employees:
30
Real Estate:
Leased
Building Sq. Ft.:
2,500
Rent:
$6.10 Per Month
Lease Expiration:
2/1/2026
Facilities:
Full kitchen, open space can be converted into any type of restaurant set-up.
Growth & Expansion:
Owner/operator can net more without effort and with marketing can increase volume as well.
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About the Sale

Reason For Selling:
Owner has no time to devote to business.
Training/Support:
Will provide as necessary.

Listing Info

ID:
1586322
Ad Detail Views:
0

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Business Listed by

Sid Mollin

Inbar Group Inc

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

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