Established Upscale Vegan Restaurant for Sale

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Great Opportunity!
Asking Price:
$350,000

Gross Revenue:
$500,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

This restaurant has been offering delicious and healthy vegan food options for over 15-years in an upscale area of Manhattan within a walking distance of a major university. The restaurant has a great reputation and the business is highly profitable. This vegan restaurant is well-known for healthy, tasty and flavorful organic foods that are dairy and cruelty free and without any animal products or by-products! The menu offers delicious and varied soups, sandwiches, salads, burritos, burgers, and homemade desserts.

Vegan Food Growth Trends
The unprecedented appeal and potential for vegan products is growing at a rapid pace not only for ethical reasons but due to the rising demand from consumers of all ages adapting to healthier, cleaner foods that are delicious and tasty. The vegan diet is no longer just limited to health enthusiasts and celebrities. The market for vegan concepts is surging to the extent that mainstream food markets are now offering increased options from burgers to meat substitutes and a host of fresh organic fruits and vegetables.

Great Opportunity to Buy a Profitable Restaurant Business in Manhattan
This restaurant is located on an 800 sq. ft. retail space with a seating capacity for 22 (plus a large basement for storage) that has a below market rent. The owners are looking to sell the business for personal reasons, but are more than willing to support the new buyer in growing the business. This is an ideal business for anyone looking to acquire a successful and established business with a proven track record. Restaurateurs, celebrities and chefs looking to either enter or expand their own healthy food concepts will find this business enormously attractive acquisition with a minimal investment. The cost of setting-up a brand new restaurant is more than the asking price for this business. Moreover, this is an ideal business for anyone looking to capitalize on the vegan food concept that can be readily franchised or expanded to multiple locations. The business is priced to sell.

About the Business

Year Established:
2003
Number of Employees:
12
Real Estate:
Leased
Lease Amount/Mo.:
$3,900.00
Lease Expiration:
6/30/2022
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About the Sale

Reason For Selling:
4000cc

Listing Info

ID:
1385164
Ad Detail Views:
382

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

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