Great Restaurant Opportunity, prime BK tons of foot traffic+regulars

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Easy Acquisition
Asking Price:
$150,000

Gross Revenue:
$365,000
Cash Flow:
$80,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Located on a lovely residential block in Bay Ridge, this thoughtfully designed and decorated restaurant has been built out from scratch and is only 2.5 years old. Serving middle eastern Halal food and having a menu that was developed by a native Egyptian cook with many years of experience and understanding of high quality Middle Eastern kitchen.

Approximately 1,800 sgft , the restaurant sits about 25 ppl, has an open kitchen with brand new stoves, ovens, fryers, and broilers. The kitchen is separated by a glass showcase with a daily selection of freshly made salads and desserts.

Clean and well kept basement has a prep area, large walk in, 2 freezers and a huge sink. There is additional space that is currently used as a storage and can be easily converted into an office.

With 10 years lease total (5 years with additional 5 years option for renewal), 3% annual increments, low carrying costs and utilities, and perfect Bay Ridge location - this place is ready for a new buyer to take it to the next level.

About the Business

Year Established:
2016
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$3,500.00 Per Month
Lease Expiration:
4/7/2029
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About the Sale

Reason For Selling:
Relocation
Training/Support:
Will provide

Listing Info

ID:
1606962
Ad Detail Views:
0

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Business Listed by

Leia Furer

Inbar Group Inc - Business Brokers

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Sponsoring Broker:

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

U.S. Census Data for Kings 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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