First of its kind restaurant concept, which has garnered world-wide publicity, with daily viral videos, excellent ratings and reviews, and infinite ways of developing and expanding. Ranked #70 out of more than 10,000 NYC restaurants on TripAdvisor.
Country: | USA |
State or Province: | NY |
City: | New York |
Location Zip or Postal Code: | 10009 |
Service Type: | Sit-Down Table Service |
Title of Listing: | World Famous Restaurant in Manhattan, with global folllowing |
Year Established: | 2016 |
Number of Locations: | 1 |
Number of Seats: | Less than 50 |
Size: | 1400, Square Feet |
Patio: | No |
Number of Employees: | 11-50 |
Hours of Operation: | Mon - Thurs : 12pm - 11pm Fri : 12pm - 12am Sat : 11am - 12am Sun : 11am - 11pm |
Growth or Expansion Opportunities: | Tens of thousands of followers on social media worldwide, numerous licensing/franchising offers |
Reason for Selling: | Retiring |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Link to Facebook Page: | |
Link to TripAdvisor Review Page: | https://www.tripadvisor.com/Restaurant_Review-g60763-d7761483-Reviews-Raclette-New_York_City_New_York.html |
Website: |
Asking Price: | $1.5 million |
Gross Revenue Range: | $1,000,000+ |
EBITDA (Earnings before Income, Taxes and Depreciation): | $280,000 |
EBITDA Range: | $100,000-$300,000 |
SDE (Sellers Discretionary Earnings): | $200,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment): | $200,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $25,000 |
Inventory Value included in price?: | Yes |
Asset or Share Sale: | Asset |
Real Estate Owned or Leased: | Leased |
Lease Term Remaining: | 5 years |
Total Monthly Rent: | $10,500 |
Financial Comments (include any Financing information that may be useful): | A sound and experienced operator can make this business much more profitable with the right focus. Expansion, with adequate capital and planning can make this the kernel of a restaurant that has a national and even international footprint |