Renowned French Restaurant for Sale in New York
Asking Price: | $650,000 |
Gross Revenue: | $1,000,000 |
FF&E: | $40,000 |
Cash Flow: | $225,000 |
Inventory: | $15,000 |
Established Year: | 2018 |
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.
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