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Bistro Restaurant In Kings County For Sale

Kings County, New York, US
Asking Price:
$400,000 (USD)
Sales Revenue:
$550,000 (USD)
Cash Flow:
Available on request

Bistro Restaurant In Prime Section Of Brooklyn-33233

This Large Bistro Restaurant in a Prime Section of Brooklyn used to do $1.5M in gross before the seller moved his family to Europe and he became semi-absentee. The restaurant still has a loyal following, upon which you can rebuild and then grow. It has two full bars, one of which is open-air during the warmer months of the year. You will find 2,500 sq ft at street level, inclusive of the bars, dining areas and kitchen. The dry and clean basement is also large and put to very good use. After 18 years at the same location, the seller is ready to hand over the reins to you, but not without providing all the transitional support you may need. The landlord stands ready to give you abrand new 15 year lease for $18K/month, which is below market for this much space in this trendy and affluent neighborhood, The business is only open Tuesdays through Saturdays now, but you can certainly add on Sundays and Mondays, as well as expand the hours. The restaurant's liquor license allows it to be open until 4am. The seller would be delighted to share suggestions with you as to how to resuscitate the business and take it to yet greater heights. Please do not say anything to the employees or customers when visiting this Bistro Restaurant, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 33233 from before contacting Mr. Goldman.

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Business Operation

Reasons for selling:

Owner spends most of his time with his family in Europe now

Years established:

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

200,000.00 Down & The seller may provide up to $200K in financing at 6%over 48 months to qualified buyers

Furniture / Fixtures value:
$100,000 (USD)
Inventory / Stock value:
$10,000 (USD)

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