NYC Theater Area Restaurant
New York County, New York
| Asking Price: |
Gross: |
Cash Flow: |
| $495,000 |
$1,244,153 |
$229,076 |
Furniture and Fixtures Value:
$220,000 (included in the asking price)
Inventory Value:
$16,000 ( not included in the asking price)
Business Summary:
VERY LOW PURCHASE PRICE!!! Restaurant/Bar located in the heavily sought after NYC Broadway Theater area. Parking and theater directly across the street. Zagat rated has two serving floors, big lunch business as there are many corporate offices located in nearby area. Recently renovated with modern décor set off with pastel blues. Seat 135 on two serving floors plus bars on both floors. Food and beverage cost extremely low since most of dishes are enhanced with wet and dry noodles. Very large kitchen can amply handle many more seats. Food presentation is very appealing with excellent food taste. Does very little advertising to take advantage of its location in theater district. Does some delivery. Place can do a much better volume by concentrating on bar and liquor of its business. Building this end up will of course increase volume and profits. Perfect spot because it does have the location to concentrate on activity stemming from bar operation. This area needs a late night gathering spot, possibly for late night ensembles or disco. Restaurant received rave reviews in city papers and recognized as one of better Asian Restaurants in Zagat. Bar business has to improve and by placing specials at bar and upward trend can be attained. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 2003 |
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| Number of Employees:
26 |
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| Facilities / Terms of Lease:
135 seat – two seating floors plus full basement. Excellent 15 year lease tough to get in this area of NYC – 3% annual increase, modern atmosphere with all facilities in shape and in working order kept extremely clean |
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| Potential
Growth/Expansion:
Being in this highly sought after area new operator should concentrate on late night theme to bring in a new clientele and enhance cocktail/bar trade where it is not performing at market ratios |
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| Competition:
In the midst of the heavily desired Broadway Theater market, one directly across the street being in the area. Most of the business is guaranteed. Parking garage available also |
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| Owner
willing to finance:
Owner would accept some financing at negotiable rate |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owners wish to retire to their home land |
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| REQUEST MORE INFO |
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