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Mediterranean Bistro In Manhattan For Sale

New York County, New York, US
Asking Price:
$275,000 (USD) Inventory / Stock included
Sales Revenue:
$600,000 (USD)
Cash Flow:
$100,000 (USD)

This successful Mediterranean Bistro, located in a trending section of Manhattan, closed its doors back in March 2020, when the Covid-19 pandemic struck NYC. The owner may yet re-open it, once the pandemic has passed. In the meantime, you now have the opportunity to purchase this gem with the knowledge that you will be inheriting a new great 15 year lease, which the seller recently negotiated down from $4,000/month to just $2,200/month. That's a saving of $1,800/month times 12 months/year times 15 years or $324,000 over the life of the lease. Had he had that lease over the last 12 months that the bistro was opened, he would have made approximately $100K during that span and that was with him being there only a day or two per week. If you are planning to be more hands-on, you should be able to make more than that once things have normalized. By the way, water is included in the lease at no cost. All of the furniture, fixtures, and equipment are still intact. And wait until you see the positive Yelp reviews! If you are new to Vested Business Brokers, please go to become a free registered buyer or premium member (to obtain the name & address. Kindly email Jay Goldman, the listing broker, at with preliminary questions and then to make an appointment to speak with the seller.

If interested, please contact the seller through the form on this page..

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33865 for instant access to this business information.

Business Operation

Reasons for selling:

Seller re-located to Miami,while business is closed.

Employees:
3FT
Years established:
2016

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

175,000.00 Down & $100,000.00 at 6% over 24 months

Furniture / Fixtures value:
$25,000 (USD)
Inventory / Stock value:
$2,500 (USD) - included in the asking price

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