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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.