Location: New York, New York
Industry: Food and Restaurants
Listing ID: 00184
Located on a prestigious avenue on Manhattan’s Upper East Side, this Coffee Shop/Diner is the only one of it’s kind in this neighborhood. With seating for 59, it has been serving volumes of regulars as well as street traffic for over 40 years.
Gross Revenues average $35,000/week
Payroll is $10,000/week including p/r tax.
Rent is $28,500/month + Real Estate Tax of $5,500/month = $34,000/month.
Owner recently renewed his lease for 6 years, but Buyer can negotiate a new lease with additional time.
Landlord will only approve buyer with similar experience and who able to provide Proof of Funds for at least $500,000.
Gross Revenue: $1,800,000
Cash Flow: $350,000
Training & Support:
Will provide as needed.
Year Established: 1976
Square Footage: 2400
Located on a highly recognizable Avenue on the Upper East Side where no competition exists nearby. Ground space is 1200sf plus a full size basement for storage including a walk-in freezer and refrigerator.
Full kitchen and seating for 59.
The only one of its kind in the neighborhood.