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Listing Number: 2671

Buy a Restaurant/Cafes Business in New York County, New York

Business: Buy a Restaurant/Cafes Business
County, State: New York County, New York
Business Type: Other Eating & Drinking Places, Restaurant/Cafes, Entertainment

Summary Description

This restaurant/lounge defines Manhattan chic and trendy. It's name draws people from both inside and outside the neighborhood. On the main level, there is restaurant seating for over 60, in addition to the bar area. As the restaurant is on a corner, there is outdoor seating on both the avenue and street sides. Downstairs, there is a lounge with an additional bar, and renowned DJ's come to spin for the "beautiful people" who choose this lounge as a frequent destination. There is incredible opportunity in this place, as the rent is 40% below market value for the neighborhood, and provides the new owner with a generous income. Act quickly -- this one won't last!

About the Sale

Asking price:$325,000 (USD)

Financing:$300,000 down and 25,000 @ 7% for 24 months

Total Revenues:$874,528 (USD)

Cash Flow:$258,709 (USD)

Reason Selling:Owner has other business interests, and can no longer focus on this restaurant.

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Retail, 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.