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Business for Sale Summary [Non-Confidential]

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ID:20571

Restaurant

Queens County, NY

Business Type: seller financing available,special situations,new to market,retailing businesses,restaurant/ cafes

Recorded Info
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Non-Confidencial Financial Infomation

  • Asking Price

    $182,000.00

  • Gross Revenues

    $375,000.00

  • Financing

    $ 125,000.00 Down and $57k @ 6% for 30 months.

  • Owner's Cash Flow

    $160,628.00

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Disclaimer: The information in these listings is provided by the Seller. Vested Business Brokers, Ltd. has not independently verified this information. Our Brokers are not authorized to make any representations or warrantees. You agree to hold Vested and its associated brokers harmless for any misrepresentations made by seller.

Business Description

This neighborhood restaurant is in a prime location on a highly trafficked street in an area known for great dining. It is open 7 Days a week. It offers free delivery and live free music on weekends. They have party packages to suit all budgets and catering is very popular. Lunch specials, private parties. Incredible menu includes soups, salads, antipastos, pastas, entrées, veal, eggplant, steak as well as fish and side dishes. Plenty of Parking. Gross $8K week with seating for 60 people. Outdoor terrace area can handle up to 25 guests. Very attractive bar area. $3K month rent includes RE Taxes. 12 year lease with 7 years left.

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