Ultra-modern restaurant located near to the George Washington Bridge, overlooking Manhattan with a breath-taking river view. The company’s 2024 projected gross income is estimated at $2,000,000 a year. The operation offers the highest quality food choices, including a full menu of high-end liquor and quality wine. The company also offers live music and a full offing of entertainment. The restaurant also offers private social and business events to serve their many customers. The sale also includes the use of a full-service consumption liquor license, which represents a substantial value.
They offer a unique dining experience with a menu inspired by the flavors of Spain and Europe. Their dishes are made with fresh, locally sourced ingredients and are expertly crafted by their highly talented chefs. Whether you are looking for an intimate dinner for two or a night out with friends, they have something for everyone.
This is a dependable, safe business opportunity and based on the asking price, required down payment and projected net yearly income, this business expects to provide a substantial and consistent return on investment to the owner-operators.
The yearly gross income as represented by the owner is presently estimated at $1,250,000 and the business has a yearly net income of approximately $200,000 based on an onsite owner operator, which includes any seller discretionary income and prior to any debt service. The 2024 income is expected to be substantially greater than the previous year and formal due diligence will be available and recommended by the broker.
The business has been priced at $550,000, which is based on a multiple of the net yearly income, with consideration of the particular business assets. Also, owner financing is available for this transaction to a qualified buyer with an appropriate down payment, collateral, and credit rating.
