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Spacious Restaurant In New York For Sale

New York, US
Asking Price:
$395,000
Sales Revenue:
$1,500,000
Cash Flow:
$175,000

LISTING ID # 36225

Spacious 200-seat restaurant, nightclub, and catering venue featuring white cloth decor and a large kitchen. Includes a separate catering room, updated office, and outdoor dining permit. Recently renovated at a cost exceeding $300k. With a reasonable rent and a 10-year lease, it offers unlimited parking near major parkways. Ideal for a chef-buyer interested in both on and off-premise catering, as well as delivery services. Please contact broker Jim Aloi for further details. The establishment boasts high ceilings, an oversized full-service bar, and live entertainment. Seller is motivated to sell quickly, preferring not to hold a note. The property can also be converted into a full-time catering business.

Business Operation

Reasons for selling:

Other interests

Employees:
3 FT/15 PT
Years established:
34

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$200,000
Inventory / Stock value:
$8,000