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Asking Price$349,000
Revenue$1,200,000 EstablishedUndisclosed
Cash Flow$0 EmployeesUndisclosed
FF&E$150,000 FranchiseNo
Inventory$50,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Just wait until you see the Yelp reviews for this cozy Italian restaurant and wine bar opened downtown in 1999 by husband and wife owners. As part of this sale, they are including a super-successful delivery and take-out business run under a different but equally highly-regarded name. It utilizes the same kitchen as the restaurant/wine bar and delivers between Canal St. & 23rd St. and from Avenue D to 6th Ave. The delivery revenues from both of these businesses together account for 50% of total sales with plenty of upside left for you should you know how to better advertise and market using social media. There is a lot of goodwill in the name of each, which can be built upon. Between them, these businesses have 20 employees with 6 delivery guys. Because of their extreme loyalty to their employees, the owners have been reluctant to pare down their staffing costs. Furthermore, their cost of goods can be reduced, too. There is great kitchen and more than ample storage space in the restaurant's cavernous basement, including a valuable stocked wine room. The lease runs for another 9 years. Open Daily 11AM to 11PM.
Training/Support:The seller will train the new owner.
Seller Financing:$349,000.00 Down and $50,000 of wine inventory is not included in asking price.
Sale Reason:Retirement
Ad #70213
Seller Reference #26443
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Jay Goldman
1-877-735-5224
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