Quick Serve/Take-Out Restaurant Upper East Side - 31113

Contact Seller
Fast Food Restaurant and Eatery
Asking Price:
$275,000

Gross Revenue:
$780,000
Cash Flow:
$125,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$6,500
not included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

Quick Serve and Take-Out Restaurant Upper East Side NYC. Established in 1990, this is one of the most desirable areas in Manhattan. The menu features reasonably priced chicken, ribs, burgers & gyros. Free delivery. A new subway line was just added close by that draws even more traffic. In addition, there is heavy foot traffic as the business is surrounded by residential, commercial and industrial business. THE RENT IS VERY REASONABLE FOR THE AREA. It is $11,700/mth (incl. taxes). There are 7 years left on the current lease. A new lease can be obtained by a qualified tenant. The space is 1,280 sq. ft. plus basement w/ prep. area. In the past year the business grossed approx. $780,000.00 with a cash flow of approx. $125,000.00. The owner is there only part-time, 5 dys/wk for 3 hrs./day. The business is open 7 days from 11am- 10:30pm. It is easy to manage with well trained and loyal employees working there more than 12 yrs. The owner is only selling because he another business he must focus on. We are seeking a serious and financially qualified buyer with at least $188K in liquid funds to cover the downpayment and $13K rent security deposit. To learn more, please call or email Mel Vaz today. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

About the Business

Location:
New York County, New York
Number of Employees:
7ft/2pt
Website:
www.vestedbb.com/lid-31113
Contact the Seller

About the Sale

Reason For Selling:
Other businesses
Training/Support:
Seller will train
Seller Financing:
175,000.00 Down & $100K over 4 yrs. @ 6%.

Listing Info

ID:
1646176
Ad Detail Views:
0

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

 Show Phone Number

View My 2377 Active Listings

Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.