NYC Theater District Restaurant/Bar
NY, NY, New York
| Asking Price: |
Gross: |
Cash Flow: |
| $850,000 |
$1,276,489 |
$616,343 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$15,000 ( not included in the asking price)
Business Summary:
NYC Theater District Restaurant/Bar, Westside Restaurant Row area. Frequented by several theaters. Approximately $25,000 weekly 50/50 Food/Bar. Food cost 20%, Bar cost 15% (does 30% cash). Asian cuisine, many awards. One of the top 10 ethnic type cuisine restaurants in NYC. Fri/Sat over 220 covers each night at over $25 per head, plus big bar action, seating for 75, 12 at bar. Can get OK for outside dining. Has 3 delivery men for lunch. Plenty of walk by traffic. All newer equipment. Basement used for storage. Dining Room modern concept and design. Ample kitchen area with easy access. Owners splitting up. Stays open all day and operates late. Plenty of parking garages nearby. Real money making opportunity. Low food cost menu, lower bar cost. Recommended by Zagat, NYTimes. Semi-absentee owners take out a combined salary of 1,000k
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| Year
Business was Established: 2005 |
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| Number of Employees:
12 |
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| Facilities / Terms of Lease:
1700 sq ft plus storage basement 1200 sq ft. Modern concept with newer equipment. Good NYC lease. Plenty of nearby parking garages. |
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| Potential
Growth/Expansion:
As long as Broadway keeps attracting patrons, so will nearby restaurants flourish. No noticeable reduction in business in economic downturn. |
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| Competition:
Plenty of restaurants in area (theater district). All do very well |
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| Owner
willing to finance:
Negotiable |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owners splitting up |
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| REQUEST MORE INFO |
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