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Broker Name:Lisiten Associates
Broker Email:ron@bbpinc.com
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HIGHY SUCCESSFUL and WELL KNOWN GREENWICH VILLAGE RESTAURANT
(RESTAURANTS, TABLE TOP)
USA, NEW YORK
Listed Price: $ 795,000
Listing ID: XM3330228

Listing DetailsGross Revenue: $ 1,450,000
Cash Flow: $ 262,000
FFE: $ 50,000 (Included in Price)
Inventory: $ 5,000 (Included in Price)
Terms and Conditions: NEGOTIABLE
Reason for Sale:

OWNER MOVED TO WEST COAST


Training & Support:

TOTAL TRAINING INCLUDED - CURRENT MANAGER WILL STAY IF NEEDED.


Listing SummaryBusiness Description:

Highly successful and well established neighborhood focused restaurant and bar.  Turn key operation with numerous write ups and press throughout print publications like NY Times, NY Magazine, Food & Wine Magazine, Michelin recommended and key social media sites.  New American comfort menu made fresh in-house.  Innovative cocktail program, craft beer focused list and refined wine by the glass & bottle program. THIS IS A PERFECT AND UNIQUE RESTAURANT BUSINESS FROM WHICH TO START EITHER A CHAIN OR FRANCHISE OPERATION.


Historical Summary:

The restaurant clientele has been built up and nurtured for many years.  There is a loyal following of locals, industry personnel, and tourists to NYC resulting from national press.  The restaurant average is 3 turns of the dining room per night for dinner.  Consistently busy after dinner bar crowd.  Ideal NYC location; just one store front in from the main Avenue and close to a subway station


Owner Qualifications:

BUSINESS EXPERIENCE


Competition:

Unique menu focus not matched in NYC.  High quality food and ingredients at a very affordable price, with refined service, makes the dining experience a stand out from other restaurants in the city.  This restaurant has menu items voted “The Best” by multiple outlets.  A very strategically orchestrated restaurant niche successfully established for its location.


Potential Growth:

Enormous potential for growth by adding lunch/brunch services and take out/delivery.   Moderately priced menu and beverage list that can survive price increases.


Financing/Terms:

NEGOTIABLE


LocationOption: 10 YEAR EXTENSION
Monthly Rent: $ 8,020
Square Footage: 2000
Facilities:

 Bar with 12 stools and 15 high top bar seats.  Main dining room with 14 tables and 35 seats. Full commercial kitchen, 2 restrooms.

SEATS TOTALLY 65 FOR DINNER

 


OperationYear Established: 2006
Days & Hours of Operation: Mon thru Sat 5pm to 11PM / Sun 5:30PM to 10PM
Owner Hours: ABSENTEE OWNER
Employees: 25
Managers: 3
Absentee Owner: Yes

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Contact Us

330 East 38th St.
New York, NY
212-661-4160 or LisitenAssoc@gmail.com Sitemap

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