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Successful Restaurant, Desirable Upper West Side Corner

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $2800000
Net Profit / Cash Flow  $300000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1994
Number of Employees  20 - 34
Inventory  250000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  Orientation for experienced qualified operator.
Reason for Sale  Health and age.
Description  Full Service restaurant for sale, currently operating, well established. Heart of the Upper West Side on a highly visible corner. Several boutique hotels and excellent shopping bring tourists and locals to the area. 2,000 square feet ground floor with cook line for cook-to-order; 2,000 square foot basement with full legal kitchen. Extensive refrigeration, storage, etc. Full liquor license. Hi visibility on a very good corner. 10 years remaining on lease. Excellent dinner and late night action. Steady daytime business. Room in kitchen for catering operation. Take-out and delivery hugely popular here, at all price points! Fully equipped and well maintained. Everything up to code. 100 seats as currently configured. Business is known and successful, but owner has health issues. Requires experienced operator with trend-forward concept to reap the full value of this excellent location. Priced for asset sale, rather than sale of the full business. Asking $300K.
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