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Bronx Eatery For Sale...
Location: United States -> New York -> New York City Area -> Bronx
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

For sale is an eatery that presently serves pizza, fried chicken, gyros, sandwiches and other comfort foods for lunch and dinner in Mott Haven. This Bronx neighborhood is located south east, just west of Bruckner Boulevard and is low income, with a demographic mainly Latino and Black.

The business serves the local area, mostly residential. It is frequented by students and parishioners from the school and many churches nearby. There is also a nursing home, whose staff often comes by for meals.

The business is visible and accesible to those passing through the neighborhood as it is on a major through way. It is bordered by a few other storefronts.

The owner leases the storefront. He has been at the location for 4 months. He has other businesses in other boroughs and does not have the time to commit to operate his Bronx location to sustain this company's growth.

During those 4 months, the business has monthly gross sales of $25,000 each month.

The lease breakdown is as follows
5 year lease
Rent is 2270 a month, with $72 per year increase
Utility is 700, water surcharge is $160 every 3 months
Trash removal is $35 every week

There is approximately 1200 square feet of space, including basement and storage rooms.

There is a security system, including camera equipment and computer hardware.

Equipment and fixtures are in excellent condition including counters, seating, food heaters, oven, grill, sinks, freezer, etc. The floor plan can be configured to add in more seating. There is a counter upfront to the left that can be removed if you wish. The floors and walls are in good condition, no need for repairs. The rooms in the basement will need lighting.

There is no liquor license for this business.

The asking price is $100,000 and it is firm.


Asking Price Range:  < $250K
Gross Revenues:   $4,000,000
Cash Flow:   $200,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Reason For Selling:  No time to commit to sustain growth. Owner has other businesses in other boroughs.

Print Listing Id: 700251171
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