Queens QSR w/Part-Time Owner - 35407 Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $249,000 | Down Payment | $175,000 |
| Gross Revenues | $626,450 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $122,000 | Number of FT Employees | Register Free to View |
Financing
$175,000 Down and $74K over 3 yrs. @ 6%
Business Description
Independent QSR w/Part-Time Owner. Full liquor license. Very limited hours. Fantastic reviews! Established 4 years ago, this is a prime location in a high traffic Queens neighborhood. They have been tested in the past few years with flying colors. They were profitable through the worst of Covid and never closed. The restaurant is a spacious 2,500 sq. ft. and offers 35 seats in the dining room, plus 10 at the bar. They have simple menu and full staff of 6, including two cooks, one dishwasher and two front of house employees. Their current hours are very limited. They are only open evenings from 5pm-9pm during the week, 12pm-9pm on the weekend. There are 7 yrs. left on the current lease at a rent of $4,043/mth. In the past year they grossed appr $626,450 with an owner’s cash flow of approx. $122,000. Keep in mind that the owner only spends 5-10 hours per week managing the business. We are seeking a serious and financially qualified buyer with at least $175K in liquid funds. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!
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.
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