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Gorgeous French Bistro For Sale

11/wk
New York County, New York, United States
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Asking Price$265,000
Revenue$780,000 EstablishedUndisclosed
Cash Flow$135,000 Employees5 full, 5 part
FF&E$150,000 FranchiseNo
Inventory$2,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Gorgeous French Bistro in Manhattan. They offer lunch, brunch and dinner is a cozy and warm setting. The space is 1,700 sq. ft. with a basement and outdoor seating. They offer seating for 35 inside, plus 5 at the bar (with full liquor license until midnight). They also have a legal permit for outdoor seating. The owner acts only as a manager as the business is fully staffed. Payroll is currently $4,000/wk.  In the past year the business grossed approx. $780,000.00 with a net cash flow of approx. $135,000.00. There are 5 years left on the current lease at a rent of $10,866/mth. with 3.5% increases. A lease extension may be granted to a qualified buyer. The business is being sold for personal family reasons.  This business is ideal for any restaurateur, but an owner/operator who is a chef can reduce payroll significantly. We are seeking a serious and financially qualified buyer with at least $192K in liquid funds to cover the downpayment and $27,600 rent security deposit. To learn more, please call 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.  Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers
Training/Support:The seller will train the new owner.
Seller Financing:$165,000.00 Down and $100K over 4 yrs. @ 6%.
Sale Reason:Personal reasons.
Ad #94013
Seller Reference #29754
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Melvin L. Vaz
1-877-735-5224
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