Well Located Bar and Restaurant in New York - 36003 Business Type: misc. service/non-classifiable,other eating & drinking places,other food stores,restaurant/ cafes/ diners,bar/tavern/night clubs
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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $799,000 | Down Payment | $799,000 |
Gross Revenues | $925,000 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $190,000 | Number of FT Employees | Register Free to View |
Financing
$799,000 Down and Open to financing for a qualified buyer
Business Description
Discover an exceptional opportunity in the heart of Queens County, New York.
This well-established restaurant and bar has been a local favorite for 12 successful years.
The restaurant boasts 1,750 sq ft with an additional 950 sq ft basement.
Situated conveniently across from major public transit hubs, it enjoys a constant stream of foot traffic.
Don't miss out on this rare chance to secure a prime location with rent 30-35% below market rates, coupled with a long lease.
The restaurant was remodeled 6 years ago and a kitchen was added. The current owner did new construction adding 1 million BTU gas line from the street and new meter to service all new kitchen equipment fryers, stoves, etc.
As well as 2 new, 3 ton AC units on the roof.
There was also a new Ansul Kitchen System installed which is is a pre-engineered, automatic fire suppression system. They also installed a vented hood system as well as a newly installed grease trap.
The seller also owns all of the equipment that would come with the sale including all ice machines, one kitchen dishwasher, and two under the bar counter dishwashers.
Also included are the fully owned 30 line draft beer system and soda system
Contact broker Nathan Goldstein at 877-735-5224 for more information. Act quickly – this opportunity won't last!
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
Attention Business Owners:
We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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