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