Upper West Side-Yorktown Restaurant/Lounge
New York County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $225,000 |
Undisclosed |
$1,000,000 |
Furniture and Fixtures Value:
$260,000 (included in the asking price)
Inventory Value:
$15,000 (included in the asking price)
Business Summary:
Upper West-Side Yorktown charming, Spanish/Cuban/American cuisine restaurant with bar. Interior one of the more attractive restaurants without being ostentatious. Soft contrasting color scheme designed by owner fills this place with constant turn over of regulars. Business is 25% bar 75% food, 25% cash. Food cost very low. Does well over 1 Million in volume (over $20,000 weekly). Great lease $9,500 monthly. Taxes - $1,500. Payroll $16,000 monthly. Shows good profit with 13 employees. This restaurant in highly sought out location can do much better as it absentee run. Perfect location to implement late night club lounge. 10 year lease. This successful enterprise has to be visited to encompass its enchantment. Owner/operator can take restaurant to next profit level. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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| Year
Business was Established: 1997 |
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| Number of Employees:
13 |
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| Facilities / Terms of Lease:
Extremely attractive, well designed facility, street parking in desired area; well kept inviting interior- great 10 year lease, kept in perfect condition. |
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| Potential
Growth/Expansion:
Creating late night club lounge/club interior is conducive for this venture. Walking in to place is visiting enchantment. |
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| Competition:
This restaurant is the gem in the upper west side area where spot is located |
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| Owner
willing to finance:
Owner would finance $75,000 interest rate negotiable |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner has several restaurants selling them off one at a time |
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| REQUEST MORE INFO |
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