The business generates annual revenues of about $2 million with a cash flow of approximately $350,000. This prime Manhattan location is the perfect opportunity for anyone looking to enter one of the best markets in New York City with a full scale established operation to maximize business profitability and growth. The business is located near the Port Authority Terminal in the busiest high traffic area. This is a perfect opportunity for an owner-operator or small family to take full advantage of this great business. The business is priced to sell with a below-market lease for approximately 2,000 sq. ft. of prime retail area plus full basement. The turn-key operation is profitably running with 15 full-time employees. The buildout and fully equipped restaurant operation set-up cost alone could easily exceed $500,000. Also, the new buyer can develop this business into a successful franchise turn-key concept.
Qualified and experienced buyers Contact Dave Nagar for information 917-929-6194. www.ceobrokers.com
Asking Price: $950,000 Gross Revenue: $2,000,000Cash Flow: $350,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
High Volume Manhattan Fast Food Restaurant Port Authority Area
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