Restaurant -- Mid-Town East, Established 16 years

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Well established restaurant in mid-town east for sale!
Asking Price:
$550,000

Gross Revenue:
$1,260,000
Cash Flow:
$240,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$500
included in asking price

FF&E:
$300,000
included in asking price

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Business Description

Located amidst well populated restaurant and bar scene mid-town east. Newly renovated, seating for 48, full kitchen, wine and beer license, ground level is 1,300 plus full basement, rent is $15,260.
Seller's are motivated.

About the Business

Year Established:
2002
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,600
Rent:
$5.87 Per Month
Lease Expiration:
12/31/2021
Facilities:
Full kitchen, walk-in box, seating for 48, brand new build-out, 1,300 sf ground and 1,300 sf basement.
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About the Sale

Reason For Selling:
Embarking into Real Estate business.

Listing Info

ID:
1572636
Ad Detail Views:
6

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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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