NYC Franchise Restaurants MAKE OFFERS w/ Exclusive Developement Rights

New York City, New York

Business Summary: Someone’s loss is your gain. New York City Franchise Restaurant that cost over $1,500,000 is for sale at ANY reasonable offer. Many times the second owner of a restaurant gets the BEST deal and that is what is going to happen here. The current owner did NOT have restaurant experience and the buyer will be able to acquire this Million Dollar restaurant for way less then it cost to build. The landlord understands that there are challenges with the business and for the last year the business has been operating with a rent reduction. The buyer will be able to sit down with the landlord and negotiate a new lease, including giving up the second floor Lounge and Sports bar, greatly reducing the rent! ADDED BONUS the Seller also owns the Exclusive Development Rights to Suffolk County for this premier brand that can be purchased. Please refer to listing number 11018 when inquiring about this opportunity.
Year Business was Established: 2009
Number of Employees: 20
Owner willing to train: Yes
Reason for selling: Retirement