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Well Established Restaurant / Bar / Lounge
Location: United States -> New York -> All of New York -> Bronx
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Great opportunity to own one of the dominant Italian/comfort food Restaurants in the Morris Park Community of the Bronx. The lease (NNN), corporation (with iconic name), and equipment available for $495,000. 11 years remaining on lease, 3% annual escalations. Gross Revenue - Annual 1.8 Million / weekly approximately $35,000. Lease $10,600 per month (includes R/E taxes). Insurance - $816 monthly; Water and Sewer - $800 Monthly. Estimated heat and electric approximately $4,000 per month. A la carte and catering with bar/lounge area. Public Assembly is 187. 4am liquor license. Approximately 10,000 sq. feet of restaurant floor, kitchen, refrigeration and storage area on three floors with freight elevator. Restaurant hours Monday - Thursday 11am - 11pm; Saturday 11am - Midnight; Sunday 11am - 10pm. Additional information available to qualified restaurateurs. All information listed above believed to be accurate but must be verified by the purchaser when performing their due diligence.


Asking Price Range:  $250K - $500K
Gross Revenues:   $1,800,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease


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Well Established Restaurant / Bar / Lounge Photo 1 Well Established Restaurant / Bar / Lounge Photo 2

Print Listing Id: 700238593
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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  > 

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