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Landmark Queens Restaurant & Bar for Sale

Queens , New York

Asking Price: Gross: Cash Flow:
$900,000 $2,400,000 $365,000

Furniture and Fixtures Value:
$600,000 (included in the asking price)

Inventory Value:
$20,000 ( not included in the asking price)

Business Summary:
If Location, Location, Location is everything then this Queens Bar-Restaurant has it ALL. They have an incredible, highly visible location in Queens and have been in business for almost 15 years. It has everything; a great location, fun atmosphere, a long history with an excellent following that is highly profitable. They consistently have sales close to $2.5 million every year. Their facility is able to accommodate seating for close to 200 people and have flexibility to have private parties from 50 to 100 guests. They have created a fun bar and restaurant atmosphere serving excellent food at reasonable prices. Approximately 50% of their revenue is derived from liquor sales. The place is beautiful and no expense is spared in maintaining the bar-restaurant. They have a long term lease with rent less than 7% of sales. Please refer to listing number 11455 when inquiring about this opportunity.

 
   
   
Owner willing to finance: $295,000 for a qualified buyer  
 

 

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