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Restaurant for Sale on Washington

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    1. xlizellx
      xlizellx

      rocking it
      Joined: Jul '08
      Posts: 1,579

      I can't place it .... 

       

      http://newyork.craigslist.org/brk/reb/2061957009.html

       

      But I assume someone else can from the pics.

    2. puppymom
      puppymom

      rookie newb
      Joined: Apr '09
      Posts: 24

      Is that Teddys?! 

    3. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,059

      yup, that is Teddy's

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    4. User has not uploaded an avatar
      bohuma

      above average
      Joined: Aug '08
      Posts: 466

      Definitely Teddy's. Maybe whoever buys it will revamp the menu. I like Teddy's but the menu is unvarying, and not particularly imaginitive.

    5. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,059

      yup.

      ....but would you pay $185k to take over a $4600 a month lease?

      The location could work if he took greater advantage of his liquor lic.   

      ....the outdoor space is nice, the inside reasonably large.  

      I predict we will get a restaurant-bar our of the deal.    I wonder if the folks who used to run Tavern on Dean want another venture?

      .....I'm pretty sure neighborhood could support a Tavern on Dean type menu and bar in that location.

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    6. bkchickie
      BKChickie

      Bagel Hole Girl
      Joined: Mar '08
      Posts: 1,089

      Totally Teddy's!

    7. User has not uploaded an avatar
      bohuma

      above average
      Joined: Aug '08
      Posts: 466

      You might pay a lot to avoid the hassle of going through the liquor licensing application process, which took Teddy three years and cost tens of thousands, and was probably only successful because the Montessori school shut. Now that the school has been replaced by the Sunshine Playhouse, I'd be surprised if any new liquor licenses are granted on that block, but you never know.

      You might also pay because the food licenses and approvals are already in place. I think the new owner will need to do a lot of work and spend a lot of money. The outdoor area is very cheaply furnished and could be improved. The interior is also kind of cheap looking.

      The only thing is you've got to pick a market segment you can excel in at this location and do what it takes to get them through the doors.

    8. smokin joe
      Smokin' Joe

      Synonymous Quest
      Joined: Oct '05
      Posts: 685

      does this mean teddy's is definitely finished? i assume he's the tenant, not the owner. although he has told me he's been struggling. i hope not. i think it's quite good. yes, the menu isn't varying or especially creative, but it's standard greek fare, well prepared, and at reasonable prices. we love this place and hope it stays in the neighborhood.

      "Here's a little tip I would like to relate: Many fish bites if you got good bait."
    9. User has not uploaded an avatar
      EiNY

      rookie newb
      Joined: Sep '05
      Posts: 21

      Are you sure? It looks more like Ortine to me.

    10. whynot_31
      whynot_31

      Former Lurker
      Joined: Mar '06
      Posts: 16,059

      http://www.yelp.com/biz_photos/IXneupzPTEiKU3NLjddeRw?select=A7V_HcNwe3EH-gFIl3eAXw

      This photo is taken looking toward the back, whereas the craigslist photo is taken looking toward the front.

      Note:

      Chairs.

      ceiling fixtures.

      ....Teddy's   

      For better or worse, the change on Nostrand is going to make the change on Franklin look minor.
    11. User has not uploaded an avatar
      EiNY

      rookie newb
      Joined: Sep '05
      Posts: 21

      You're right. Apologies.

      It's been a long day.

    12. User has not uploaded an avatar
      brownie

      getting it
      Joined: Jan '06
      Posts: 138

      So if you buy it you are stuck w/ the $4,600 rent? How long? Who owns the bldg? The guy at Love Liquors?

    13. User has not uploaded an avatar
      unicyclist-courier

      rookie newb
      Joined: Jun '10
      Posts: 15

      Oh no!!  I didn't go to Teddy's as much as I now wish I had, but if they're leaving (are they?) I will totally miss the Greek frappe-style coffee to go in the summer, and the lemon potatoes which are so yummy.  I hope this isn't the end... Will have to go for brunch this weekend.

       

       

       

    14. ntfool
      ntfool

      above average
      Joined: Sep '08
      Posts: 483

      brownie wrote:

      So if you buy it you are stuck w/ the $4,600 rent? How long? Who owns the bldg? The guy at Love Liquors?

      Yup, that's pretty standard when you're buying an existing lease.  Unless there is a clause in the existing lease that says the owner can re-negotiate should the lease pass to a new leaseholder. 

      With the layout and that huge backyard, it would not surprise me in the least to see a solidly bar/restaurant open there.  Ho hum.

      No idea who owns the building, but I bet someone can run a DOB report, or just go to propertyshark.com, to find out.  Doesn't whynot usually come up with this stuff?

      If you're happy, you're not paying attention.

      spurn Productions, Inc.
    15. ntfool
      ntfool

      above average
      Joined: Sep '08
      Posts: 483

      Also, hey, isn't Teddy's on the the eastern side of Washington?  I'm going to pull a Carnivore and say this thread should be in Crown Heights.

      Laughing

      If you're happy, you're not paying attention.

      spurn Productions, Inc.
    16. jack krohn
      Jack Krohn

      My Baby's Gone Shootin'
      Joined: Dec '05
      Posts: 1,062

      Did we ever determine (to the nearest thousandth of an inch) exactly where on Washington THE LINE should be drawn to indicate the end of PH and beginning of CH?  If not, we should apply for some stimulus money to write a white paper.  A topic of this magnitude can be ignored no longer. 

    17. smokin joe
      Smokin' Joe

      Synonymous Quest
      Joined: Oct '05
      Posts: 685

      i think we can all support your decision. good luck trolling for other restaurants.

      btw, teddy's seems to be doing fine.

      "Here's a little tip I would like to relate: Many fish bites if you got good bait."
    18. smokin joe
      Smokin' Joe

      Synonymous Quest
      Joined: Oct '05
      Posts: 685

      Smokin' Joe said:
      i think we can all support your decision. good luck trolling for other restaurants.

      btw, teddy's seems to be doing fine.

      above post no longer makes sense, as it was referring to the post above it, which appears to have been moderated out of existence. in case anyone's wondering.

      "Here's a little tip I would like to relate: Many fish bites if you got good bait."
    19. god
      GOD

      I am what I am.
      Joined: Jul '07
      Posts: 426

      I spoke to Teddy the other day. Business is doing great! Lemon Potatoes rule!

      Why attack God? He may be as miserable as we are.

      - Erik Satie
    20. User has not uploaded an avatar
      Anonymous



      Posts: 1

      I found a restaurant for sale by owner and but the location of the restaurant is not so good. I am looking for family restaurant. Please have any idea about restaurant for sale by owner.

      restaurant for sale by owner


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