Jewish Falafel Eatery - Top Zagat Reviews
Location:
United States
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New York
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New York City Area
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Manhattan
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Very cozy Falafel eatery with 8 tables. Thanks to the very friendly Owner it has developed a great rep. in the neighborhood. Has a really great vibe and has young and vibrant feel. Revenues are about 50% lunch and 40 % dinner, the other 10% are from deliveries (no delivery charge). The realty is that this place makes money, although extended hours and some new menu items would bring up the bottom line. Has certified orthodox Rabbi overseeing kitchen which is equipped with a grill for chicken shish and swarma. I can smell the Humus from here and the Carrot juice recipe works so don't try to fix it. Are you ready to jump in. Come over anytime and try it for yourself and say Jon Henry sent you.
Asking Price: $500,000.
Gross Revenue: $665,000.
Cash Flow: $200,000.
Inventory: $10,000 (Included in Asking Price).
FF&E: $30,000 (Included in Asking Price).
Seller Financing: Owner will hold Note.
Year Established: 2002.
Employees: 7 full time.
Facilities: Shop is 1250 sq. ft. and very clean. It is an observant Jewish establishment and answers to a higher authority. Has a full kitchen and basement for storage. Has been recently renovated. It is the epitome of a Falafel place serving fresh juices and veggie dishes. Also has a grill for chicken Shish, & Swarma.
Market Outlook and Competition: Competition: Well established biz with an Iconic rep. in the neighborhood. Located across the street from sty town. and is one block away from a hospital. Has a very busy lunch crowd. You don't have to be Jewish to love this place Growth and Expansion: Advertising in local Jewish community will increase revenues.
Email or call Jon Henry Quinones at 718-407-9676 for more information on this Jewish Falafel Eatery for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$665,000
Cash Flow:
$200,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $40,000
Seller Financing: Yes
About The Business
Year Established: 2002
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Owner will stay on for 2 months if needed.
Reason For Selling: Retireing to Miami Beach.
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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: 70086723
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