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PRICE DROP! Newly Built UES Restaurant with 40+ Seat Outdoor Sitting!!! Reduced Rent & 12yr Lease!
New york (New York)

Disclaimer

Disclaimer: The financial information herein has been provided by the seller. East Coast stores or east coast business brokers or its brokers make no claim to have verified this information. We recommend that the buyer conduct his own do diligence and perform the financial verification needed to conclude any due diligence. The buyer understands that they will hold ECS or ECBB harmless of any claims resulting in misrepresentation by the seller.

Property Information

Listing Number:
11835
Business Type:
Established Businesses
Business Category:
Restaurant/ Cafes
State:
New york
County:
New York

Other Information

Financial Information

Asking Price:
$400,000
Gross Income:
$1,200,000
Cash Flow:
$188,000
Seller Financing:
$  

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Business Description

Gorgeous NYC Restaurant Bar on the Upper Eastside of Manhattan comes with an unheard of, incredibly low, monthly rent of $14,500.  The lease has 12 years remaining and has 3% annual increases.  Restaurant is only responsible for a portion of the Real Estate increases from the base year.  No expense spared in building this beautiful restaurant.  The restaurant covers 2 storefronts totaling 2500 sqft plus a covered temperature controlled outdoor seating area in the back! This is a major selling point for all seasons, and can double as a party room.  Again, the owners spared no expense even digging the basement to optimize full ceiling heights so that they can use the basement for Prep, storage, and refrigeration.  This helps increase the main floor to a 120 seats throughout and a 12 seat Bar.  The owners spent a lot of money building and renovating this restaurant, but unfortunately they must move out of state.  Currently operates as an Indian Restaurant caterering to the ever diverse neighborhood were the Upper Eastside meets Lenox Hill.  The tasteful decor and design of this restaurant allows it to easily be converted to any Cuisine of your choice.  To build a space like this would cost you close to a million dollars.  You can buy it for much less and the added bonus is unbelievable lease of just only $14,500 a month with a shocking 12 year lease!!!  Don't sleep on this once in a lifetime opportunity.

For More Information Please Call or Text Bob Patel at 917-642-6400 or email at Bob@EastCoastBusinessBrokers.com

If you are interested in listing your business with East Coast Stores, obtaining a free valuation OR if you would like to earn a referral fee and know someone who would like to sell, contact us at Listings@eastcoaststores.com. We accept quality listings!

Listing Number : 11835

Business Listed By

Bob Patel

Email this List   5163421648
Email this List   917-642-6400
Email this List   bob@eastcoastbusinessbrokers.com
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