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Union Square Bee Hive

New York County, New York

Asking Price: Gross: Cash Flow:
$59,000 $400,000 $72,000

Furniture and Fixtures Value:
$40,000 (included in the asking price)

Inventory Value:
$2,000 ( not included in the asking price)

Business Summary:
ICE CREAM PARLOR in the middle of Manhattan with thousands (and thousands more) walk by traffic. In highly sought after commercial zone in Manhattan. Students, shoppers, employees, and sightseers all walk past and congregate nearby. This 400 sq. ft. Bee Hive deals only with high mark up ice cream and juice items. Sells these products all day long at high mark up. Place to go into in fast area to slow down their pace. Unimaginably busy foot traffic area in the area, one of the highest on the island of Manhattan. $60,000 security deposit required. ABSENTEE RUN – no changes have to be made- and buyer can retrieve his investment within 9 months. Foot traffic hard to conceive. Similar established fast food place sold for over $125,000 last year, directly across the street from this listing. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 2008
   
Number of Employees: 3FT  
   
Facilities / Terms of Lease: 400 sq. ft. store. 5 year lease in the heaviest foot traffic area of Manhattan, 3 years old. 5 years left on lease in this area of Manhattan is great. Plenty of jobs/students/shoppers and walkers in front of door. Seats 10.  
   
Potential Growth/Expansion: Staying open more hours, perfect place for breakfast coffee/wraps/sandwiches. Open 11am-11pm.  
   
Competition: In this area of Manhattan there are not enough food merchants to handle the demand  
   
Owner willing to finance: Owner wants complete sale with cash  
   
Owner willing to train: Two weeks  
   
Reason for selling: Owner has other interest  
 

 

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