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Restaurant - Latin / Caribbean & American
Location: United States -> New York -> New York City Area -> Yonkers
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

ASKING PRICE: $120,000

Located on a high-traffic street in Yonkers, this restaurant has an extensive menu with Latin/Caribbean & American cuisine influences. Menu items include various sandwiches (Swiss cheese, Cuban, bacon cheeseburger, etc.), salads, poultry/meat dishes (rotisserie chicken, fried chicken, pork chops, etc.), seafood, pasta, and Dominican dishes (such as mofongo and Dominican soup). 80% of the business is cash and has beer & wine license.

This business has immense potential. The current owner is semi-absentee due to being employed as a corporate chef; the business would benefit greatly from a full-time owner. Also, the business has a 1,000 sq. ft. downstairs area that is not utilized at all. A new owner could develop this area into a dining room or a rentable party area. The possibilities are endless.

Potential Growth:
The business has a 1,000 sq. ft. downstairs area that is not utilized at all. A new owner could develop this area into a dining room or a rentable party area.

Year Established: 2004
Days & Hours of Operation: 7 days
Non-owner Payroll: $ 10,000
Employees: 7 Full Time
Absentee Owner: No

Monthly Rent: $ 2,450
Square Footage: 1800

Facilities: First floor has 6 tables with 4 seats at the right side of the entrance. On left side is a buffet style counter that are tended by 3 servers. Sizable 800 sq. ft. fully equipped kitchen. 1,000 sq. ft. downstairs that is not utilized. Has beer and wine license.


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will provide as necessary.
Reason For Selling:  Seller is relocating.

Photos

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Restaurant - Latin / Caribbean & American Photo 1




Print Listing Id: 700227774
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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  > 

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