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Mediterranean Restaurant / Bar
Location: United States -> New York -> New York County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This corner Mediterranean Restaurant/Bar at a Prime Manhattan location seats 103 altogether. Sidewalk tables wrap around it that teem with warm weather customers. Gross sales were averaging $32K weekly (or $1,664,000 for the year) before the $175K in improvements that were recently completed. The owners anticipate a significant bump in revenue going forward.

The interior restaurant (with seating for 65) and bar area (with seating for 10) take up about 2,000 square feet. The kitchen is housed in the more than ample 1,800 square foot basement. The restaurant's chef is top-rated by Michelin and under contract. The lease runs for another 14 years. Please be prepared to provide relevant background info about yourself and Proof of Funds for at least $750K before obtaining the name & address.

Discretion is of the utmost importance as customers, employees, suppliers and competitors have no idea it's for sale and the owners would like to keep it that way. They will be glad to share more information with you in person. Please contact the broker at 1-877-735-5224 for further information.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,664,000
Cash Flow:   $200,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $75,000
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  The seller will train the new owner.
Reason For Selling:  Other business interests




Print Listing Id: 700269856
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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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