Renowned French Restaurant for Sale in New York

Kings County, NY

Seller Financing Available

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Asking Price:$650,000
Gross Revenue:$1,000,000
FF&E:$40,000
Cash Flow:$225,000
Inventory:$15,000
Established Year:2018
BUSINESS DESCRIPTION

LISTING ID # 36556

This is a rare opportunity to own an upscale French restaurant located in the heart of a vibrant Kings County neighborhood. The well-established venue boasts impressive financials, generating $1 million in gross annual revenue and a net profit of $225,000, thanks to its exceptional menu, curated wine list, and live music on Saturday nights that attract a loyal clientele. The restaurant features a full basement, perfect for storage or future expansion. With an asking price of $650,000, owner financing is available, requiring $350,000 down and $300,000 financed over three years at 6% interest. The property is secured by a 10-year lease, ensuring a high-visibility location, and offers expansion potential by remaining closed on Mondays and Tuesdays, allowing for immediate revenue growth. This turnkey operation combines a superb location with strong financials and a beloved dining experience, making it an ideal investment for anyone looking to own a thriving restaurant with ample growth potential.


DETAILED INFORMATION
Location
Kings County, NY
Inventory
Not Included in asking price
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
350,000.00 Down & balance over 36 months @ 6%
Support & Training
Seller will train
Reason for Selling
Other interests
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd