BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$795,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$1,450,000
Net profit / cashflow:
$262,000
Years established:
2006
Trading hours:
Days & Hours of Operation: Mon thru Sat 5pm to 11PM / Sun 5:30PM to 10PM
Owner Hours: ABSENTEE OWNER
Number of employees:
25
Employees / staffing:
Employees: 25
Managers: 3
OTHER DETAILS
Reason for selling:
OWNER MOVED TO WEST COAST
Financing available:
NEGOTIABLE
Support and training:
TOTAL TRAINING INCLUDED - CURRENT MANAGER WILL STAY IF NEEDED.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Lease Expire: 0000-00-00
Option: 10 YEAR EXTENSION
Lease Security: 3
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
BUSINESS 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.
Expansion Potential
Enormous potential for growth by adding lunch/brunch services and take out/delivery. Moderately priced menu and beverage list that can survive price increases.