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:

http://www.facebook.com/raclettenyc

Link to TripAdvisor Review Page:

https://www.tripadvisor.com/Restaurant_Review-g60763-d7761483-Reviews-Raclette-New_York_City_New_York.html

Website:

http://raclette.nyc

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