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Asking Price$400,000
Revenue$550,000 Established2002
Cash FlowUndisclosed Employees2 full, 4 part
FF&E$100,000 FranchiseNo
Inventory$10,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 33233
This Large Bistro Restaurant in a Prime Section of Brooklyn used to do $1.5M in gross before the seller moved his family to Europe and he became semi-absentee. The restaurant still has a loyal following, upon which you can rebuild and then grow. It has two full bars, one of which is open-air during the warmer months of the year. You will find 2,500 sq ft at street level, inclusive of the bars, dining areas and kitchen. The dry and clean basement is also large and put to very good use. After 18 years at the same location, the seller is ready to hand over the reins to you, but not without providing all the transitional support you may need. The landlord stands ready to give you a brand new 15 year lease for $18K/month, which is below market for this much space in this trendy and affluent neighborhood, The business is only open Tuesdays through Saturdays now, but you can certainly add on Sundays and Mondays, as well as expand the hours. The restaurant's liquor license allows it to be open until 4am. The seller would be delighted to share suggestions with you as to how to resuscitate the business and take it to yet greater heights. Contact a broker for more information today.

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Training/Support:Seller will train
Seller Financing:200,000.00 Down & The seller may provide up to $200K in financing at 6% over 48 months to qualified
Sale Reason:Owner spends most of his time with his family in Europe now
Ad #130840
Seller Reference #33233
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