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Brooklyn Halal Restaurant

Kings County, NY
Brooklyn Halal Restaurant
Asking Price : $1,610,000   
Cash Flow : $1,200,000   
Gross Revenue : $2,400,000   
Inventory : N/A   
EBITDA: N/A   
Rent: $7,000 per Month   
FF&E: $500,000   
Year Started: N/A   

Business Description

Large restaurant with an even larger following of regular customers. This is a very well established restaurant that gets lots of repeat business from its loyal customer base. This store serves authentic ethnic food with great flavor and served in a very cozy atmosphere that fits the cuisine.

Several facts make this restaurant a great deal. Rent is more than 50% below market and not increasing because you are protected under a very tenant-friendly long term lease. This is a high volume store that has great verifiable cash flow. The business is turnkey and comes fully equipped with everything you need to keep the operations going and the money flowing. In addition, the business is fully staffed so a new owner could operate his/herself or utilize a General Manager and run this business hands off as an absentee owner.

Real Estate:Leased

Building SF:4,200

Employees:11

Furniture, Fixtures, & Equipment (FF&E):Included in asking price

Support & Training:Owner willing to stay on as long as necessary to ensure a smooth transition.

Reason for Selling:Retiring.