UPSCALE RESTAURANT AND BAR FOR SALE
Brooklyn, New York
Listed Price: $ 650,000
Listing ID: XM777O510
Listing DetailsDown Payment: $ 650,000
Gross Revenue: $ 1,100,000
Cash Flow: $ 265,000
FFE: $ 100,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Form of Ownership: S Corp
Reason for Sale:
RETIREMENT
Training & Support:
SELLER WILL COMPLETELY TRAIN
Listing SummaryBusiness Description:
UPSCALE RESTAURANT AND BAR FOR SALE on a main street in a trendy Brooklyn neighberhood. The owner who has many years of experience is placing this profitable business for sale due to personal reasons.The delectible menu choices are prepared with Organic ingredients and the finest meat and seafood. In addition to the beautiful dining area that seats 50, the bar accomodates 10 patrons, while the quaint patio has seating for 35.
Historical Summary
Restaurant has seen steady growth since opening in 2008
Historical Summary:
Restaurant has seen steady growth since opening in 2008
HIGHLY RATED
Owner Qualifications:
RESTAURANT BUSINESS EXPERIENCE
Competition:
HARDLY ANY REAL COMPETITION ON THIS FINE QUALITY FOOD.
VERY HIGHLY RATED
Potential Growth:
UNLIMITED
Financing/Terms:
NO SELLER FINANCING AVAILABLE
LocationLease Expire: 0000-00-00
Option: TO PURCHASE BUILDING
Lease Security: 5500
Monthly Rent: $ 5,500
Square Footage: 2600
Facilities:
UPSCALE RESTAURANT AND BAR FOR SALE on a main street in a trendy Brooklyn neighberhood. The owner who has many years of experience is placing this profitable business for sale due to personal reasons.The delectible menu choices are prepared with Organic ingredients and the finest meat and seafood. In addition to the beautiful dining area that seats 50, the bar accomodates 10 patrons, while the quaint patio has seating for 35.
Historical Summary
Restaurant has seen steady growth since opening in 2008
OperationYear Established: 2008
Days & Hours of Operation: M-TH 5-11 FRI-SAT 4:30 - 12
Owner Hours: 50
Employees: Full Time: 9
Managers: 1
Absentee Owner: No