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Businesses For Sale   >>   New York Businesses For Sale   

American Restaurant In Nyc's Hottest Neighborhood

Location  New York City, New York, United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $928513
Net Profit / Cash Flow  $373900
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2010
Number of Employees  20 - 34
Relocatable  Not Disclosed
Number of Employees  20 - 34
Real Estate  Leased
Training  2 weeks training at no cost to new owner.
Reason for Sale  Opening new restaurant out of state.

Description  
This is a great neighborhood American restaurant with a full bar, DJ booth, Sunday Brunch with Live Music. Only 5 years old. Terrific location in fast-growing neighborhood with upscale business neighbors. 1500+ new apartments currently under construction nearby, plus two new schools (one public, one private) and a movie theater. Limited neighborhood competition and growth potential from delivery, catering and aggressive marketing. Open 5 years. Consistent sales growth. Limited restaurant competition in the immediate neighborhood. Only upscale, full service restaurant for several blocks. Nearest direct competitor 3/4 mile. Unique growth opportunity as this is a developing neighborhood. New businesses moving in, more than 500 new residential apartments under construction, several new schools. Organic growth from increasing population & foot traffic, plus potential from delivery/takeout, catering, private parties and aggressive marketing.


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