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Well Located Bar and Restaurant

Queens County, New York

Asking Price: Gross: Cash Flow:
$799,000 $925,000 $190,000

Furniture and Fixtures Value:
$150,000 ( not included in the asking price)

Inventory Value:
$30,000 ( not included in the asking price)

Business Summary:
LISTING ID # 36003Discover 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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-36003 for instant access to this business information.

 
   
   
Year Business was Established: 2011
   
Number of Employees: 6 FT/2 PT  
   
Owner willing to finance: No  
   
Owner willing to train: Seller will train  
   
Reason for selling: Retirement  
 

 

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