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Business for Sale Summary

Turnkey Closed Rest. HIGH FOOT TRAFFIC - 29428

Business Type: bar/tavern/night clubs,delicatessen/catering services,other eating & drinking places,absentee business,best deals!,new to market,restaurant/ cafes
Turnkey Closed Rest. HIGH FOOT TRAFFIC
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Financial Information (non-confidential)

General Information
Asking Price $79,000 Down Payment $79,000
Gross Revenues $0 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$79,000 Down and None.

Business Description

Turnkey Closed Rest. HIGH FOOT TRAFFIC. In the heart of Astoria, this was a very profitable business. The owner only closed because he had an opportunity to open another location in Manhattan and it became to difficult to manage both. ANY FOOD CONCEPT CAN GO HERE (sushi, pizza, burgers, Mexican, noodle & dumplings, Halal food, deli, fast food concept). It is a great location. It is 1600 sq ft. with a 1100sq. ft. basement. There are 11 years left on the lease (6 5) with a monthly rent of $7,650 (very fair for this area) and 3% annual increases, 6 month good guy clause. Everything is newly renovated, plumbing, electrical, boiler and a hood that is only 4 years old. The place is fully equipped with a full kitchen, including freezer, lowboys, 6 top range/oven and 2 fryers. There is additional space under the 15 ft. hood for a grill, oven or any major cooking equipment. We are seeking a serious and financially qualified buyer with at least $110K in liquid funds to cover the asking price and 4 months rent security. IT WOULD COST OVER $150K TO BUILD OUT A LOCATION LIKE THIS FROM SCRATCH. To learn more, please call the broker at 1-877-735-5224.

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.