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Take Out Restaurant In New York County For Sale

New York County, New York, US
Asking Price:
$275,000 (USD)
Sales Revenue:
$780,000 (USD)
Cash Flow:
$125,000 (USD)

Quick Serve and Take-Out Restaurant Upper East Side NYC. Ideal food service buy for the pandemic market. 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 6 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 down payment and $13K rent security deposit. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-31113 for instant access to this business information.

Business Operation

Reasons for selling:

Owns another business.

Employees:
7FT/2PT

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 & $100K over 4 yrs. @ 6%.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$6,500 (USD)

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