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Posted: Tuesday, July 25, 2017 6:35 AM

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Gorgeous French Bistro

Business Description: Gorgeous French Bistro in Manhattan. They offer lunch, brunch and dinner is a cozy and warm setting.
The space is 1,700 sq. ft. with a basement and outdoor seating. They offer seating for 35 inside, plus 5 at the bar (with full liquor license until midnight).
They also have a legal permit for outdoor seating. The owner acts only as a manager as the business is fully staffed. Payroll is currently $4,000/wk.
In the past year the business grossed approx. $780,000.00 with a net cash flow of approx. $135,000.00. There are 5 years left on the current lease at a rent of $10,866/mth. with 3.5% increases.
A lease extension may be granted to a qualified buyer. The business is being sold for personal family reasons.
This business is ideal for any restaurateur, but an owner/operator who is a chef can reduce payroll significantly.
We are seeking a serious and financially qualified buyer with at least $192K in liquid funds to cover the downpayment and $27,600 rent security deposit.
To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@gmail.com. ALL SITE VISITS MUST BE DISCREET. P
LEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Asking Price: $265,000.00

Gross Revenue: $780,000.00

Owner's Cash Flow: $135,000.00

Down Payment: $165,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.

• Location: Manhattan, New York County

• Post ID: 108514128 manhattan

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