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Quick Serve And Take Out Restaurant For Sale

New York County, New York
Asking Price:
$275,000 (USD)
Sales Revenue:
$780,000 (USD)
Cash Flow:
$125,000 (USD)

Quick Serve and Take-Out Restaurant Upper East Side NYC. Established in 1990, this is one of the most desirable areas in Manhattan. The menu features reasonably priced chicken, ribs, burgers & gyros. Free delivery. A new subway line was just added close by that draws even more traffic. In addition, there is heavy foot traffic as the business is surrounded by residential, commercial and industrial business. THE RENT IS VERY REASONABLE FOR THE AREA. It is $11,700/mth (incl. taxes). There are 7 years left on the current lease. A new lease can be obtained by a qualified tenant. The space is 1,280 sq. ft. plus basement w/ prep. area. In the past year the business grossed approx. $780,000.00 with a cash flow of approx. $125,000.00. The owner is there only part-time, 5 dys/wk for 3 hrs./day. The business is open 7 days from 11am- 10:30pm. It is easy to manage with well trained and loyal employees working there more than 12 yrs. The owner is only selling because he another business he must focus on. We are seeking a serious and financially qualified buyer with at least $188K in liquid funds to cover the downpayment and $13K rent security deposit. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Owns another business.

Employees:
9

Other Information

Support & training:

The seller will train the new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

175,000.00 Down & $100K over 4 yrs. @ 6%.

Furniture / Fixtures value:
$150,000 (USD)
Inventory / Stock value:
$6,500 (USD)

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