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Burger Restaurant with LOW Rent

NYC, New York

Asking Price: Gross: Cash Flow:
$199,000 $880,000 $100,000

Furniture and Fixtures Value:
$100,000 (included in the asking price)

Business Summary:
Low rent, corner location, hospitals, high rise buildings, foot traffic, offices, simple menu, all make this burger business a great opportunity. This Burger Restaurant use to do $1.3 Million in revenue when it was owned by an experienced restaurateur. Over the last 5 years of ownership with the current non-experienced operator revenue has declined, and food and labor costs have gone up. For an experienced operator, this location has incredible potential, a proven past and you are only paying for the reality of today’s P&L Statement. With sales of $880,000, rent is less than 8% of sales. This business is a great buy at $199,000 for an operator. Location, location, location, this corner has it all. Call about listing 14285.

 
   
   
Number of Employees: 8  
   
Owner willing to train: Yes  
 

 

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