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Bar/ Restaurant Must Sell, Make Offers

Astoria, Queens, New York

Asking Price: Gross: Cash Flow:
$195,000 $500,000 $125,000

Furniture and Fixtures Value:
$250,000 (included in the asking price)

Business Summary:
One seller’s pain is the buyers gain. That is exactly what is going on with the sale of this restaurant. Only opened for a short period of time, a nicely decorated bar/restaurant is for sale. The owners are not getting along, there is also a lack the food service experience to operate this business between the partners. They have other business interests and this is not working out as the passive investment they thought it would be. With a full liquor license, a remodeled restaurant, an updated kitchen, affordable rent at 4,400 a month, 1,500 Square feet upstairs with a full basement, this is a great opportunity for a restaurateur or bar operator to pick up a nice location CHEAP! This business is only a few months old, so the financials are just projections, but with an asking price of 195K or BEST OFFER, the sellers are motivated for a quick sale to help move the process along. Call about listing 11801 if interested in learning more.

 
   
 

 

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