Profitable Spanish Restaurant - Fantastic Location
Location:
United States
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New York
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New York City Area
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Gorgeous upper scale restaurant in renovated brownstone. Located one block from a major high rise building. Becoming an avante garde bustling section of New York City ... a bustling, growing area ... 1/4 block from 3 major subway lines ... 5 minutes to Manhattan by train.
Located in a beautifully renovated brownstone ... 4,500 square feet ... has two levels, outside dining and dancing ... equipment boasts state-of-the-art kitchen ... all under two years new. Seats 100 people comfortably, 70 inside...30 in the outdoor dining area. Adorned with beautiful granite top bar and countertops, as well as terracotta floors ... long term lease ... ample parking.
Market Outlook and Competition: Not much competition for this specialized ethnic restaurant. The growth potential is tremendous. Can provide delivery service and hold private catering functions for growing business sector. Huge profits to be made by expanding area, both commercial and residential.
If you have food service experience and capital to do this deal, this could be the business for you! For more information on this Spanish Restaurant business for sale, email or call Joanne Fried right away at 919-342-5322, or reach me on my cell at 919-771-5650.
Financials
Asking Price Range: < $250K
Gross Revenues:
$650,000
Cash Flow:
$175,000
Cash Flow Type: EBITDA
Inventory: $100,000
Seller Financing: Yes
About The Business
Year Established: 2003
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
About The Sale
Management Training and Support: Full service and support.
Reason For Selling: Seller has other interests.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70025096
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