Restaurant/Cafe Business for Broker in New York County, New York

Business:Restaurant/Cafe Business for Broker
County, State: New York County, New York
Business Type: Other Eating & Drinking Places, Restaurant/Cafes, Entertainment

Summary Description

Completely renovated, extremely busy diner, steps from all major modes of both public and private transportation. It's large, expansive windows draw in the light, and make for a very enjoyable dining experience. The kitchen is open and clean, and the staff, accomodating and friendly. The neighborhood has recently experienced a renaissance, as evidenced by the build-up of several luxury high rise buildings, trendy shops, boutiques and bars. Many large corporations have likewise relocated to the area. The new owner will enjoy a very favorable lease and low R/E taxes. The seller is very motivated, and the terms are attractive to any would-be owner. Act now on this great opportunity!

About the Sale

Asking price:$300,000 (USD)

Financing:$175,000 down and 125000 @ 48 Months @ 7%

Total Revenues:$622,296 (USD)

Cash Flow:$211,829 (USD)

Reason Selling:Owner has two other restaurants in the city, and cannot devote the time necessary for this restaurant to realize its full potential.

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.