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Diner/Restaurant — Upper West Side

Price: $500,000

Industry: Food and Restaurants

Listing ID: 00228

Established mid 2016 as an absentee ownership situation, the diner/restaurant has shown positive results since inception and can become an even bigger earner with owner/operator participation and active marketing. Wine and beer license.
The spacious 2,500 sf ground level can accommodate more than the 76 it currently serves with a little planning. In addition, it has license to serve outside.
The 10 year lease has 7 years remaining.

Listing Details

Gross Revenue: $1,500,000

Cash Flow: $250,000

FFE: $200,000 (Included in Price)

Inventory: $20,000

Reason For Sale:

Owner has no time to devote to business.

Operation

Year Established: 2016

Days & Hours of Operation: 6 days

Owner Hours Per Week: 1

Employees: 30

Managers: 1

Absentee Owner?: Yes

Location

Security on Lease: 36000

Monthly Rent: 15000

Square Footage: 2500

Facilities Information:

Full kitchen, open space can be converted into any type of restaurant set-up.

Summary

Potential Growth:

Considerable considering absentee owner situation.