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New York

  • Listing Number: 215-22199

    Category: Bar/Liquor, Food - Restaurant, Retail

Asking Price $225,000
Down Payment $200,000
Gross Revenue $237,023
Total Adjusted Net Income $134,942
Equipment / Fixtures $45,900
Year Established 2018
General Location New York
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Highly Profitable, Newly Renovated Italian American Restaurant that locals love! Well known for quality food, ambiance, lovely bar. Fantastic, highly visible location Complete turn-key package includes commercial kitchen fully equipped, full staffed, 2 full bars with license, 2 floors, inventory, walk in freezer, parking, and seating for 70.

 

Highly scalable restaurant has great opportunity for improvement as there has been little marketing, no delivery service, not open lunch or to catering-all would continue to raise revenue. Owner is the head chef and can stay on for 6 to 9 months for the new owner, then retire.

 

Numbers only reflect through November. New financials for 2022 coming out will reflect approx. $15,000 higher SDE.

Gross Revenue
$237,023
Listed Price
$225,000
Total Income
$134,942
Down Payment
$200,000
Base Rent
$1,151
Square Feet
1600
Total Rent
$1,270
Lease Expiration
03/2024
Rent Deposit
$1,200
Lease Options
Five and 2 year
Inventory
$20,000
Leasehold Improvements
15000
Equipment / Fixtures
$45,900
Other Assets
All equipment, FFE
Full-Time Employees
6
Training Period
4 weeks
Special License Required
Liquor License
Reason for Selling
Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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