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

Business Summary

For sale is an eatery that presently serves pizza, fried chicken, jerk chicken, gyros, sandwiches and other comfort foods for lunch and dinner in East Flatbush. The location is at the intersection of two major streets that serve as the heart of this proud community, with world renown restaurants and lighted with the spirit of the Carribean isles.

The business serves the local area, mostly residential. It is frequented by students and parishioners from the school and many churches nearby. There are also motels and offices close by. Institutions in the vicinity include SUNY Downstate Medical center and Kingsborough Hospital. Delivery service is provided through a company website and Grub Hub, Seamless, etc.

The business is incredibly visible and accesible at the intersection to those passing through the neighborhood. Those waiting for the bus can't resist the savory aromas radiating from the business. Jerk chicken is made fresh daily by a chef.

The asking price is $135,000
The monthly gross is $32,000
The space is 1400 sq ft street level and basement, including a section of the floor partitioned and serving as a telecommunications business that pays rent to the owner. There is also a lottery license.

The lease breakdown is as follows
10 year lease, 3% increase per year
Rent is 4200 a month
Utility is 800, water surcharge is $110 every 3 months
Trash removal is $100 every 3 weeks

Inventory is $7,000 monthly and is fully stocked. Equipment and fixtures total cost is $40,000, including halal approved workstations, food heaters, stoves, ovens, sinks, freezers, etc. The equipment is in good condition.

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

Again, there are additional businesses that come with the offer. The first is a telecommunications accessories sales business. Included is a NYS Lottery license. They pay $1400 per month. And a chef that makes jerk chicken.


Asking Price Range:  < $250K
Gross Revenues:   $390,000
Cash Flow:   $50,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2009
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

Print Listing Id: 700251823
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