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Well Established Mediterranean Restaurant
Location: United States -> New York -> New York City Area -> Brooklyn
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Well established (13 years) Mediterranean restaurant for sale at the prime location of Sheepshead Bay, Brooklyn. (The restaurant is by the bay). $900,000+ in gross sales, $450,000 cash flow. Renovated and nicely decorated. 10+ employees, huge kitchen, 2 walk-in fridges, lots of storage space. Seats 65 indoors and 35+ outdoors. Liquor and sidewalk cafe licences are transferable. Experienced staff, great food and service. Recent increase in sales through on-line reservation systems. Live music on Fridays. This restaurant is literally packed from May thru October. Heavy foot traffic. Loyal clientele. Serving lunch and dinner 7 days a week. Plans in place to serve brunch and to enlarge the dining area which will increase the seating capacity from 65 to 115 indoors. Rent is $7,080 per month. Owner has 2 years left on the lease. Landlord is willing to give a long brand new lease to qualified buyer. Owner will provide the necessary training until the buyer is confident. Prospective buyers will be evaluated on a first come first served basis. Owner is willing to hear all reasonable offers. Email or call (917)733-4456.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $900,000
Cash Flow:   $450,000
Cash Flow Type:  EBITDA
Inventory:  $150,000
Seller Financing:  Yes

About The Business

Year Established:  1995
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Owner building 2nd restaurant.

Photos

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Well Established Mediterranean Restaurant Photo 1 Well Established Mediterranean Restaurant Photo 2 Well Established Mediterranean Restaurant Photo 3




Print Listing Id: 700103352
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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