Busy Restaurant and Lounge (New York, NY)

Busy Restaurant and Lounge

The Affordable Business Partner Connecting Business Owners with quality buyers Businesses...Franchises...Commercial Properties... Partnerships...Assets salesLloydminster Family Restaurant & Lounge Investment Level 585 000 (Plus inventory of 10 000-15 000) Type of sale AssetOur clients have decided to sell their well-established and busy restaurant and lounge. Consistently referred to as one of the best restaurants in the city this business provides its owners with a well-balanced personal & business lifestyle.New owners can leave the business hours days of operation as is or for the ambitious owner extend the hours of operation days This business is located on a very busy roadway and sales are now back to pre-covid times. Because of the quality of food the ambiance and the great support staff this business enjoys a strong following.The renovated premises are 5 000 sq. feet divided between the restaurant and lounge and can accommodate 100 and 70 respectively. On the lounge side there are 12 VLT S (with the ability to add more) which creates a nice consistent cash flow.This family operated business is truly a turn-key business with owners willing to provide great training for the next family or owner. This business scores 5 out 5 in all areas important to buyersIf you are searching for a well-priced and operated family restaurant then this should be on your must-see list Business at a glance Monthly lease & Common Area costs 12 000.00 Plus GST Time remaining on the lease 5 years with an option to renew Gross sales 2019 1 418 654 2020 971 285 ( Covid Shut Down) 2021 1 390 892 2022 (Jan-June) 890 563 Seller s Discretionary Income 2019 268 241 2020 169 247 2021 235 2932022 (Jan-June) 155 996Interested parties must also complete a Buyer s Profile & NDA prior to financial and confidential information being released. Thank you