Restaurant – Yonkers; Beer & Wine License
Price: $120,000
Location: Westchester, New York
Industry: Food and Restaurants
Listing ID: 00034
Located on a hi-traffic street in Yonkers, this restaurant has an extensive menu with Latin/Caribbean & American cuisine influences. Menu items include various sandwiches (Swiss cheese, Cuban, bacon cheeseburger, etc.), salads, poultry/meat dishes (rotisserie chicken, fried chicken, pork chops, etc.), seafood, pasta, and Dominican dishes (such as mofongo and Dominican soup). 80% of the business is cash and has beer & wine license.
This business has immense potential. The current owner is semi-absentee due to being employed as a corporate chef; the business would benefit greatly from a full-time owner. Also, the business has a 1,000 sq. ft. downstairs area that is not utilized at all. A new owner could develop this area into a dining room or a rentable party area. The possibilities are endless.
Listing Details
Down Payment: $60,000
Cash Flow: $60,000
FFE: $20,000
Inventory: $2,000
Reason For Sale:
Seller is relocating.
Training & Support:
Will provide as necessary.
Operation
Year Established: 2004
Days & Hours of Operation: 7 days
Non-Owner Payroll: $10,000
Employees: 7 Full Time
Location
Monthly Rent: $ 2,450
Square Footage: 1800
Facilities Information:
First floor has 6 tables with 4 seats at the right side of the entrance. On left side is a buffet style counter that are tended by 3 servers. Sizable 800 sq. ft. fully equipped kitchen. 1,000 sq. ft. downstairs that is not utilized. Has beer and wine license.
Summary
Potential Growth:
The business has a 1,000 sq. ft. downstairs area that is not utilized at all. A new owner could develop this area into a dining room or a rentable party area.